Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Monday, May 11, 2009

Siegel - Smooth Sailing

The only negative for the market now is the sharp rise in bond yields (which will bring 30-year mortgages above the 5% range) and the rise in commodity prices. Gasoline futures are now pointing to $2.30 per gallon for regular, 13 cents above current levels that are already 55 cents above their December low. Of course rising interest rates and commodity prices come with a recovery, but I would be happier if oil (now $58) stayed below $60.

Jeremy Siegel, 5.11.09

No comments:

Post a Comment