Dealers Decline Bernanke Twist Invitation

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Second item down, check it out from Bloomberg.

In this week's letter we noted a situation (via in Treasury bonds where Wall Street strategists were bullish T bonds and bearish the stock market to epic proportions.  Now, here comes a Bloomberg article (the Sentimentrader data was compiled with Bloomberg as the source) showing Wall Street dealers in direct opposition to the Fed and its desire to buy long dated Treasuries.

NFTRH is on a caution stance for the short term and reading things like this makes me all the more firm in that stance.  Not because I want to go against what could be a contrarian setup, but because things are very uncertain at the moment and it says here that we should always manage risk first, speculate second.