By Steven Vincent on October 23, 2010 | More Posts By Steven Vincent | Author's Website
Although the current market dialogue between Bulls and Bears is focused on the Inflation vs. Deflation dichotomy, it’s possible that a dynamic between Risk vs. Safety is the better framework for analysis.
The possible transition from Safety to Risk took a big leap forward recently as the most favored repository of investor fears, the US Treasury market, showed significant signs of breaking down and putting in a long term top. SPX:USB, the ratio of Risk to Safety as measured by the S&P 500 /
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