RISING YIELDS? RISING STOCKS? RISING GOLD? RISING US $????!!!! shit economy???WTF!!! indeed...like I said earlier, what do you get for your savings??? ZIPPO....people gotta LIVE, people need YIELD.....what to do....forced to take some risk....what else?10 year now challenging the 200 week,are we poised for a strong move above resistance now? I honestly don't see how that fits into my new all time high potential call.....end to quantitative easing coming in March, hike in fed funds rate.....no improvement in employment or housing picture, banks hiding losses with accounting fiction and lay near insolvent and NOT LENDING.
FACT IS.....you cannot have expanding economy without expanding credit and bank lending, new money is created when a loan is secured and then gets into economy and turns over.....but the MANIPULATION BY GOV AND FED have left the stock markets and commodities as near only game left in town....my goodness when the rug is pulled out of this newest and LARGEST BUBBLE can you even imagine the PAIN that will be dealt????
It's all a game to these assholes, the disgusting gratuity and bonuses paid out to the greedy MFER'S on wall street, the same banks that nearly destroyed us and YES YES YES not ONE SINGLE PERSON CONVICTED OF A WRONG DOING!!???
The rally has began in MArch and lack of convincing VOLUME has been persistant. IT doesn't meet criteria of prior bull markets I can say certain Lowry's data does not conform to any previous bull, but the selling has not been persistant enough to derail the current rally nor signal a top is in by many conventional and otherwsie methods.
We will track the rally and look for signs the old fashioned way, not much of this makes sense froma fundamental standpoint.....but cannot signal TOP using any TA I am aware of....when I can I will. BIG R at 1150 SPX prior ST top.
Duratek
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