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Ol’ Wisco | I think what JP is ultimately trying to say is price isn’t purely subject to the moves of yield. While it may have a large bearing on it, in some respect there have been noted times in history, and even recently, where price went up while yield went up and vice versa. There are WAY to many influences on price for anyone one method, calculation, or person to grasp and effectively predict price movement. That’s why I pound my head against a wall when a commentator says “the market went up today because of XYZ”. What about the other 9,345,396 (insert sarcasm) data points that have some form of influence on price?!? | |
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