Smoking Securities

Half Baked High Finance

War Trade?

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A glance at TLT & JNK reveal the market is running to the “safety” of Treasuries.
Be patriotic, short junk bonds, buy Treasury debt, and pay capital gains.

As a incredibly paranoid and admittedly stoned lover of arcane conspiracies, I’m beginning to interpret the rise in Treasuries as an increase in the premium to hedge war risk. How long till the next foreign military engagement?

Written by chucklesamadeus

November 19, 2008 at 3:45 am

Posted in JNK, TLT

Tagged with ,

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