Dow

I think I have been tireless in stating that US stocks would weaken when bonds rally, and US bonds are now clearly rallying. US equities however have been on a long wait edging up only a little but not giving up on the strong sentiment. So Sentiment based on the Investors Interllgence Advirors Survey reported by EWI, last night came in at a 30 year record of 69.9% bullish. [investorsintelligence.com] So looking at this I do not think the divergence can go on for long. Stay tuned.