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12:06AM (15 mins delay)
Nov 06, 2009 - 6:16 AM EST
Gary Tanashian submits: Here is a most important long term sign post, the long bond and its EMA 100.
Against the backdrop of the long bond's uninterrupted rise from the 1980s, Alan Greenspan was able to portray himself as the great Maestro, always at the ready with inflationary policy when the market and economy needed it most. This is what I have viewed as a wellspring, compliments of Paul Volcker's tough inflation-fighting policy of the late 1970s and early 1980s. This policy sprung a new bull market in paper stock and bond certificates as confidence was restored in a secular way.
Source: Seeking Alpha (Nov 06, 2009 - 6:16 AM EST)
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