European Bond Yields and Commentary, September 3, 2012

Italian 10 year bond yield – 5.847%

Spain 10 year note yield – 6.857%

France 10 year bond yield – 2.158%

Portuguese 5 year note yield – 7.864%

Portuguese 10 year note yield – 9.311%

Swiss Bond Yields - Short term rates are starting to turn positive

AAII Sentiment Survey

Bulls – 34.7%

Neutral – 32.6%

Bears – 32.6%

Market Internals from the Wall Street Journal

PE Ratios

Dow Jones Industrial Average - 14.51

S&P 500 - 16.21

Dividend Yield

Dow Jones Industrial Average - 2.61%

S&P 500 - 2.09%

Swiss bond yields are moving closer to zero which may indicate some money being put back to work although shorting a negative yield bond has its advantages. 

Portuguese bond yields are trending higher as rumors start to circulate about a new bailout program in the fall for Portugal. 

AAII numbers are flat. 

More to say in my technical analysis section. 

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