What can anyone say about these past few days? The “drama” in Washington and the market action that has followed is historic in its outrageousness. Ask Bespoke, but I bet this is the best last day/first day in the history of markets.
It goes beyond simple measurement, it is the “Powers that Be Tour de Force”. It only takes a couple of billion hard dollars to buy this kind of market performance and the ensuing sway of confidence that all good sheep will follow. This is now the “Full Court Press” where The Presidents Working Group use all the advantages that they have worked and printed for. If the markets can just make new highs then surely something good must be happening! And you know what happens when greed takes over.
I’m not going to flaunt any chart art for you because it is meaningless. You know what will happen before the next option expiration. We are just a few points away from new 52 week highs and achieving them is a foregone conclusion. Look at the two day market gains. Now look at many stocks, especially in Nasdaq or Russell. Its like the supply of available equity was cut in half.
I can promise you that this is not some “random walk” or “efficient markets”. The truth will be revealed in our lifetime that you are now witnessing the greatest government/markets financial experiment in history and all made possible by the use of newly printed money and derivatives. Enjoy every penny.
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“price discovery” lolz
it’s all bullshit and i’m not impressed in the least.you know when we broke down in late 08,the dow was @ 14,455.so why are we just about to be there again,with no real improvement in all area’s,such as infra,pensions, jobs,etc.etc. and everything else that makes up a healthy economy along with healthy wages. so the last few weeks of,omg,” this is the worst santa rally ever” bullshit,retail is fucked an yadda yadda bullshit,only to find,that we were front ran, by the all knowing insider traders,aka,”all the politicians” and all their cronies. disgusting pos market anymore,this fucking market isnt for the honest american,who has worked all his/her life and truly trying to believe in investing in america,for americas’ sake.
It’s the value of the $US going down, or anticipation thereof, rather than appreciation of the assets represented by share prices.