drifting up looking for a driver.. i have to watch my pessimism.. theres no real gravity to the market.. it can just keep going up..
1474.51 cash is not just some arbitrary level in the market. price is not going to just drift through it. case in point, it printed 0.55 below it today as the high.
they been fishing close to 4 years now for the masses to bite and that time is finally here based on equity mutual fund inflows last week. coincidental, i think not. time will tell. maybe one more good push to reel in the whopper and then they will pig out and the cycle starts all over again.
Most of the long money has already been made on the bounce from the re/de-pression low. I think those in control want a good leg higher to rekindle the thought of buy and hold with new found proof that markets ultimately go up over the long term.
Not sure what you referring to but the market has been rising for four years, that means going up, meaning you buy you make money. In this board being a bull is like a sin, the market is meant to be traded up and down and when it's going up no reason to do it with disgust, just go with the flow. Doom and gloomers in January never made much sense to me anyway., maybe later, but not yet.