Somne have accused me of bearing bearish, like I want to be bearish? The fundamentals are BEARISH...but the stock action is BULLISH.
I have said many times, the market could go higher, this move may IGNITE a blow out.....if the fabled sidelined cash now rushes in, let's see the the FED handles this, a stock market in its own little world, out of touch with reality reacting to the TRILLIONS fo worldwide stimulus and FIAT creation.
GolD SNIFFS IT, DOLLAR SNIFFS IT.....what do BONDS SNIFF?
The missing VOLUME ingrediant could surface if this move above fabled 10K puts it into high gear. I cannot barely find an opinion that doesn't have BULLISH on it.
AN ingrediant to a bear mkt is higher volatility, the chart I posted is an important one....the VIX is ready to snap...and a print below 20.00 could be coming.....the path of least resistance has been up.....and this is one for the records.
I for one WELCOME a REAL bullish scenario, you know not everyone's life is controlled by their portfolio, MILLIONS w/o jobs are just trying to survive, what I said is true, this is all BS....a mirage, smoke screen...it's NOT better.....but the world of paper is funny and obviously easily manipulated.
considering all that has been done, are we witnessing a normal phenomenom? AN historic rise from a low...never seen before...at same time some 3 MILLION MORE have lost jobs, credit is contracting, and total credit mkt debt as % of GDP is at all time high of near 350%...I think the great unwind has barely begun.
Did they buy some time? Statistically maybe....in the real world, not governed and RULED by insiders and too big to fail banks....that take bailouts and then pay themsleves record bonuses...this rise in the paper assets and things....means squat
D
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