From DAY 1 as the US $ was sent to the slaughter house, the INDEXES began to rally, DAY ONE!
There is nothing else going on. NO secrets, no recovery in economy. It's all about gaming the US $ and funneling this carry trade back into US EQUITIES and more.
This is how BUBBLES get formed, have you met a bubble you like the BURSTING AFTERMATH? This will be a doozy.
ANY weaker and the falling dollar could erupt a crisis. Strengthen and rally here, that crowded carry trade and SHORT $ play would get GORED.
Market is fully overbought, so not too many feel too worried about any kind of pullback here.
The CONSUMER is the AMERICAN ECONOMY, there is NO DATA supporting businesses picking up CAPEX (why would they?). BAnk loans continue to contract. 8 million to as many as double that out of work or underemployed.
If EXPANDING DEBT/CREDIT grows economies, and increases demand, what does falling bank loans outstanding and an expanding unemployed workforce do?
Duratek
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