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What we are seeing is USD down, down and down; Yen up, up and up.  What does that tell?  People are rushing to cover their carry trades by selling bonds and buying back Yen.  We don't see much price drop on bonds, what I am thinking is Fed is buying it or some investor still think stock market will crash and run to safe heaven.  What I saying here is BOND IS NOT A SAFE HEAVEN!  The recent commodities rally explains people are running to hard assets.  This could fuel the stock market and DOW could go higher and higher.  Just watch.