Thursday, June 7, 2007

10 Year Treasury Yield Surges, Stocks Slide

The ten year is down about a point so the yield is knocking on 5.1%s door. Bad for stocks, simply stated as we enter into the 1500 to 1505 S&P support lower trendline area.

Also, crude is up more than $1 which fans inflation and consumer strength worries.

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