In the back of my mind I hear: SPX is expensive, sell it. With my eyes, I see strength as I've never seen anywhere else. I trust that in the USA, bear skinning is still on the cards this season. The Fed quoting 'Catch me if you can':
Shiller PE 27.4 At this point, the only way to win is not to play, right Joshua? I'm in FX at the moment. I won't go near stocks - long or short - until some manner of sanity returns. It won't be me who gets caught when someone yells "fire" in the theater.
Its great being in no mans land with the S$P just grinding higher.... Most of the volume or about 1/2 is all high frequency trading.....wonder how those algorithms work on the way down....in October there seemed to be a few glitches on the downside if you know what I mean...
Way past black Monday and now approaching black Tuesday....44 PE back in 1999....I see that as being impossible to achieve since we all know what 1999 is all about and the ludicrous valuations that were placed on worthless stocks...right now fundamentals don't support where indexes are....
Welcome to the land of perfect, were everyday is an up day. Down is no longer permitted. Free money for all who want to play the Federal Reserve Casino.
Yes fundamentals fail. This is not fair, etc. But seriously, why can't we match 1929 or 2000 in craziness. Because that is just crazy is not a reason -- I agree it is crazy!