Markets Tank..... on Bond Guru bearish call !!!!

Markets were trying to recover from 175 point slump on Dow.......and came all the way to only 100 down...............then Bill Gross came on the wire and ................said ...he is BEARISH on Bonds NOW.

Bonds & Stock Markets are tied together like conjoined TWINS...................

Bonds went to 5.11% on 10 year.............keep an EYE on 10 year rates.....this will dictate...Market direction in NEAR TERM...........

Cramer is predicting another 100 points on the Dow.......then saying BUY stocks.......

Irrespective of...... where the Dow goes ......there is BLOOD in the Street.......which is an OPPORTUNE time to position in strong stocks...............WHY.........because Strong stock basket of AAPL,GOOG,AMZN & RIMM as a WHOLE...............were almost unchanged in a 200 point DROP..............the amazing benefit of being DIVERSIFIED & in strong stocks.

The tape today was DEEPLY BEARISH..............Down Volume was minimum 7 to 1 on Nasdaq and 17 to 1 on NYSE...................that is a SIGN of CAPITULATION...........or close to it.

No the BULL market is not DEAD...it is ALIVE & WELL...................

Bond market is reacting to worldwide trend of HIGHER interest rate..............plus FRENZIED buying of companies by private equity...................$250 Billion of announced DEALS...& still more to GO.......was BOUND to put pressure...........on interest rate..........

There is a chance that we may PEAK OUT @ 5.25% on 10 year...............which is not that far from where we closed @ 5.10%.

My current portfolio NOW is TILTING more on the TECH side...........which is
RIMM,JNPR,SNDK,STP,NMX,UXG,PDN.TO.

NMX is my takeover play..........NYX may buy NMX to get their FOOT in derivatives.....where there is much better margins......so I hope......as Cramer points out...... hope must not be part of investing..............so NMX is HEAVY in crude contracts...& it is DRIVING & HURRICANE season..so it may be a very good TIMELY investment with DIRECT relationship with EVENTS.

Please ENSURE your OWN comfort level in this WILD WILD WEST type of market....where SHOOT first & ask question later is the rule.

Please do your own due diligence.

BLOG does not give buy or sell.

Saleem