Sebastien Galy of SocGen writes, in regards to the latest developments:
The market wanted a year end rally and it just got a nice boost over the week end.
... Hold your breath. Republicans are starting to give in on taxes (FT), China's economy surprised positively, Canada allowed the CNOOC deal for China's energy reserves, the US labour was stronger than expected and the Greek debt buy back seems to be going as hoped. Breath.
By the time this brew fully manifests itself market-wide, nation-wide, and eventually worldwide, those few will have pocketed what may be the last remaining profits to be had in this economy, and will be protected by the powers that be from any potential future prosecution that may arise.
Indeed, you will likely see them disappear.
Much like Red Badger says, I, too, see a bad moon rising.
Do these people not see the reality of what rising interest rates will do?
If you've got bonds, dump ‘em - fast!