Hostage to the Bond Market

Could we be more hostage to U.S. Treasury bonds? I can recall whole periods when we had to keep one eye on bonds, but both eyes? That's where we are now. You'd be able to handle some sustained damage to earnings if bonds were to calm down, but this is an angry, mean bond market that is bent on revenge. It's also a fed-up Fed chief that is sick and tired of having to do all the lifting as Congress focuses on lifestyle issues and President Obama debates more tax increases.

In the end, how many houses can the Fed really sell? How many bridges? Tunnels? Exit ramps? Plus, there's a little ridiculousness here. We keep playing the parlor game of wondering when the Fed will be done with its bond-buying. May I just say that, if this is what the bond market's like when the Fed is buying, who know how high rates will shoot when it isn't? Because, right now, no matter how many bonds it buys, the sellers are overwhelming them....314 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.