Deja 'Exuberance' Vu Or Different This Time?

Tyler Durden's picture

Looking at the trading action over the past three days we had a certain sense of deja vu... and then we placed it: the start to 2013 is merely a repeat of the Draghi and Bernanke "bailout" preventing the market from crossing the seemingly all too critical 1380 support, beyond which there may well be tigers...

 

 

and for all those discussing the big rotation from stocks to bonds - think again - (H/t @TFMkts) - the shift into QE3 was far more dramatic than this measly move in 30Y yields...