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          SELL SHORT BOND FUNDS

                      Bond Funds Now Look More Bearish Than
                      Housing Stocks Did at Their Peak in 2005.

3-8-2013
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(C) 2013  Wm. Schmidt, Ph.D.

      Compare a typical Bond Fund's chart with a home-builder in 2005.  This bond fund
      and many others looks much more bearish than this home-builder:
                     1)    more red Distribution from TigerSoft's Accumulation Index,
                     2)    a steeply falling Professional Closing Power Line with almost no rallies and
                     3)    many more red Sell S7 warnings.
                     4)    the OBV Line is collapsing.
                     5)    the Relative Strength makes one new lows after another.

Home-Builder LENNAR at end of 2005

Bond Fund NNJ in March 2013.

     The Stock Market's rally is telling us that the offical unemployment level is likely to drop
     below 6.5% sooner than the Fed thinks.  At least, that is my take on the DJI's spirited
     rally.  When that happens, demand for loans and mortgages will surely rise sharply.  And
     the Fed will no longer need to, or be able to, keep interest rates very low.  Bonds
     will surely fall as interest rates start rising back again.   Keep in mind that long-term
     interest rates sold with more than a 14% yield in 1980.   When the world economic
     slow-down ends, expect other currencies to strengthen.  This will inevitably mean
     the withdrawl of hot overseas money from US bonds as their haven.  


    

                         Tiger Index of 156 Bond Funds

                                              5 YEARS' WEEKLY PERSPECTIVE




                                                          ONE YEAR DAILY CHARTS