The equity market has levitated waiting for another trillion dollars from the FED. No such luck.
We will now revisit SPX 1140 and this time it should break.
Why on earth, with Europe cooked and the economy shrinking, should our equity market be the biggest outperformer in the world?
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Indeud.
Scott,
any move higher prior? afterall, Benny has to put something in print for the papers to levitate, if not for a day !!!
The move higher just happened… Now it is time to really tank just like Scott said. Don’t be a desperate permabull. Time to adjust.
thanks scott, this market is like chewing tinfoil.
Doesn’t the money have to go somewhere? The relatively least shitty place.
Let gold retrace, buy it ahead of the gargantuan global QE which will be affected at 950-1k SPX. Then sit back, light up your Arturo Fuentes cigar and enjoy… 😉
So much for your insider trading thesis from earlier this week.
Nice to see, for a change…
Because we are not Europe, and because America rules?