Trouble is, you cannot TRUST BLS/GOVT data, adjusted for this or that, revised each time to a distorted level. It comes down to the basics....mkt action. That is and will be the voting mechanism of millions even when manipulated.
See the action in context of historic price action.....something is not right, but why should that STOP you from riding this WRONG action for huge gains since March 2009 bottom?
Just as NOW, there are rumblings to take some off table.......but TA hasn't confirmed a turn and trend change...except ST. Saying we have $100 oil, Mid East strife, Euro contagion, world inflation.....slow job growth here, etc etc one could argue there is your wall of worry? USA has DYNAMIC economy but it is still hampered, hindered by excessive debt, govt deficits, and a banking system that has tightened std's where even 800 scores dont get money without fight, where HUGE portion of HOME SOLD are to speculators buying foreclosures.
To say the least there is much to be concerned about, and one might be sweet spot on this ride is turning sour and more picky picks and caution is order of day.
Duratek
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