At the MArch LOws, it is believable that we saw prices of many stocks so cheap that I can agree MAYBE never again in our lifetimes. REcord VIX, fear and many other firsts laid out shares of many companies only a handful were able to pull the trigger...that is how it always is.
That said I believe LESS thaT THE RALLY we now witness has anything to do with the REAL ECONOMY and more so the record FED and GOV stimulus efforts that may have backstopped the market but has done little to regroup the economy.
The rally has spindly legs of falling volume not acquainted with prior bull mkts, but this one mY BE hard to judge how far it can go on the helium being fed it.
But I do feel when it ends, and maybe at the FIB targets I posted near 1122 SPX and 10,300 DOW there will be a severe decline, even if not to new lows.
The reckless actions now being undertaken, are building up another bubble that may rival all others....there is no easy fix.
D
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D will take us to spx 150. DDDDDDDD
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DDDDDDDDDDDDDDDDDDDDDDDDDDDDD
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D is a bears best friend. All is an illusion. No one can make any money on the long side. Tell them D. You figured it all out.
Dura is bitter best get on board spx 200 by end of 2010, sad but true bears are toast. Inflation is here, (check oil prices) screw those without jobs they are losers anyway ship them to India to score those outsourcing jobs.
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