WHAT HAS THE MARKET DONE FOR ALL THE EXCESSES, tripling of money supply, 45 year crisis lows in interest rates, record fiscal stimulus, 8,000 hedge funds, doubling of BB share volume, record margin debt, record total credit market debt, record low savings rate, slowest recovery in history (job and wage growth), 5 years of record housing boom bubble, Detroit putting everyone in a car who wants one with no profit for the sales boom, record property tax increases, record prices for oil, 30% higher reading in spx/vix ratio than at BUBBLE 2000 high, and record 70% home ownership?
Note above, how MACD and RSI keeping topping LOWER with each new high, see how they are lower in 2005 JAN high than in 2004?
How we have record string of bullish IIAA polls?
My ONLY conclusion can be, we are witnessing an ever weakening economy and stock market rallying as a bear market rally, with so many EXTREME readings, and what we know we find at BEar market bottoms (new bulls) this cannot be anything else. IMHO
With a BDI at new lows as transport roar 3.6% (but below 2005 highs)
W haveone freaking disjointed disconnnected mess that the populace views as ROSEY!
Duratek
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