March fund flows have propelled this market like a banshee out through the gates of hell. All is well in stock land as Super Tuesday ramps up.
Calls [on my behalf] for lower market prices have been wrong. America instead gained 120 NASDAQS. Breadth has finally inched up into the stratosphere and by all signals this move is likely to spill into tomorrow.
The only hope left for bears is nob-systemic risk. Citron can still kill a stock fairly effortlessly, even in a strong tape, as they’re demonstrating in Tesla today.
Tesla has all sorts of problems, including a labor feud with the morons of Arizona over out-of-state employees. I digress.
March has decidedly turned positive for equities. All the grave concerns of the last two months are behind us. Much like the flu, the markets have come around and can now return to running naked in the wind.
Look for the rally to extend upon itself tomorrow, even if Trump beats Cruz in Texas.
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Indeed.