{"id":475481,"date":"2010-03-26T09:21:05","date_gmt":"2010-03-26T13:21:05","guid":{"rendered":"http:\/\/www.businessinsider.com\/dont-worry-the-bond-carnage-can-get-a-lot-worse-2010-3"},"modified":"2010-03-26T09:21:05","modified_gmt":"2010-03-26T13:21:05","slug":"dont-worry-the-bond-carnage-can-get-a-lot-worse","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/475481","title":{"rendered":"Don&#8217;t Worry, The Bond Carnage Can Get A Lot Worse"},"content":{"rendered":"<p>The stock market has gotten boring, what with its incessant up moves day after day.<\/p>\n<p>So instead the action has completely come back to the bond market, and boy what a story we&#8217;ve got going on there.<\/p>\n<p>Here&#8217;s a nice chart from <a href=\"http:\/\/www.waverlyadvisors.com\/\">Waverly Advisors<\/a> showing how the trend has been broken and also just how much more we could fall if we start to undo the big multi-year bull market we&#8217;ve seen.<\/p>\n<p>Here&#8217;s three key points they observe:<\/p>\n<p style=\"padding-left: 30px;\">This market has had an extended run up since mid 2007, for fundamental reasons that <br \/>are both obvious and widely known.&nbsp; Due to the length of the uptrend, there is a lot <br \/>of potential downside from these levels.<\/p>\n<p style=\"padding-left: 30px;\">There have been a series of lower highs as the market has painted an extended <br \/>triangle consolidation.&nbsp; In fact, the entire history back to January 2009 can be viewed <br \/>in context of this large consolidation pattern. <\/p>\n<p>This market has had a clean series of higher lows.&nbsp; Even though the trendline seems <br \/>to be losing its power to support the trend, we are not close to having an established <br \/>trend change.&nbsp;&nbsp; <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bacb43f7f8b9a2a58ea0400-602-444\/chart.png\" border=\"0\" alt=\"chart\" width=\"602\" height=\"444\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/dont-worry-the-bond-carnage-can-get-a-lot-worse-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/ZU-ctxKa3M4\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock market has gotten boring, what with its incessant up moves day after day. So instead the action has completely come back to the bond market, and boy what a story we&#8217;ve got going on there. Here&#8217;s a nice chart from Waverly Advisors showing how the trend has been broken and also just how [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-475481","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/475481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=475481"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/475481\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=475481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=475481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=475481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}