TREASURIES-Longer-dated bonds fall in auction worries

AGA7d

http://www.reuters.com/article/idUSN2257671120100222

Another news is: federal and state gov crowded out private companies in the debt market

Also, the EU countries are running deficit - so the rates are going higher - no matter what Ben says or does.

Some hot money are flowing to agri/basic material/energy and push up the prices, meaning rates going higher.

Don't see stock can go much higher given the headwinds. 1200 is pretty optimistic in my opinion.