Just putting some thoughts in perspective.
Bond prices get hit, yields shoot up
Commodities ( oil, steel, gas, food etc ) goes up and interest rates on any kind of loans also move in the same direction.
Just how can rising interest rates in an environment in which so many are either unemployed or underemployed be beneficial to any recovery? It just doesn't make sense, hence my continued under participation in the current "rally" on the KLSE.
Yet global stock indices continue to ignore the fundamentals and buy into the "green shoots" idea. The carpet will be soon pulled from under them and the selling will then be horrendous. I can sense the Big Bad Bear sharpening his claws already for the final kill.
On the Gold front, the price cappers seem intent on pushing gold back away from the $990 level. They are just spitting into the eye of a hurricane with the relentless rise in the entire commodity complex and the implosion in the bond market.
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