TYX (30 year yield) updated

I know that official manipulators are trying to blame oil for creating any coming inflationary problems (can you believe they actually wrote that?), but do you know what this daily TYX chart looks like to me?  It looks like a jagged saw blade that would cut off the heads of and disembowel anyone dumb enough to believe the fairy story that is Goldilocks.

I think a lot of people have been held in a holding pattern by this saw tooth pattern, thinking it is just a consolidation before lower interest rates.  Yet the yield continues to curve upward.  So is that a bottom or is it not?  If it is, ya better be on the right side of it, because one side is benign and the other can kill you.  Come to think of it, in the less favored event it isn't you'll get just as well killed if you're on the wrong side of that way too.

Don't you just love the markets?

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