Lucky SEVEN$

Greece thinks it is/was lucky selling bonds at 7%.... new owners... now own them at losses. We see the textbook bear market in bonds gaining momentum....investors, the media, and wdc,llc are all in denial...they think and talk about the "4%" level is ok here for treasuries.....they will say the same at 5% then 6% and then 7% our target.

Bond owners will not sell their losing investments for another year...just like stock owners did not sell in 2007.....they unloaded at the bottom in the spring of 2009.

There are so many mispriced assets right now: Treasuries, gold, oil, and natural gas....we would add the soft commodities here after their recent big correction.

Lets add the US Dollar too!

Our continued conclusion and forecasts:

1) Bonds lower...higher interest costs
2) Taxes much higher.....
3) Oil new highs
4) Gold New highs
5) US dollar lower
6) Food costs higher
7) Nat Gas higher

Stocks in general have one more leg up and it will be time to harvest material gains from the past 12 to 15 months of appreciation.....pay lower capital gains this year and reinvest on a material correction is the plan....probably sometime next year...

Not everyone is aware how much higher taxes will be a year from now....plan accordingly.

Hold on to hard assets........as cash equivalents......as inflation bites hard.

Danny Boy seen here looking out for falling bonds.