Worth a read. "I am often asked by the investors in my funds, "When will markets finally start paying attention to the signs of weak economic growth?" I tell them that the consensus answer is that bull markets only end when the Fed starts aggressively raising interest rates." http://www.marketoracle.co.uk/Article49645.html
"Investors flock to stocks, the riskiest asset class -survey" - http://uk.reuters.com/article/idUKKBN0OH2GE20150601
OUT of TNA @ $90.40 moments ago..... held up quite well with the nasdaq off over 30 most of the day... Watch IYT, its closing under $150 again....new lows on IYT would be a big no no for the market indexes.
I guess tomorrow the markets will be up, the s&p already closed below its 100 day moving average of 2084, next level is around 2070, maybe it breaks that tomorrow, however we have seen this time and time and time and time and time again, as soon as the markets look like they are going to break all support levels it rallies right back up to fresh highs, if anything tomorrow there is a possibility the market closes back above its 100 day moving average and rallies yet again to dow 18,000 and s&p 2100.....aside from that the dow is back in the red for the year, down 0.32% year to date....so I guess this means stocks are over sold in the short term are ready to rally back hard, thats where the guaranteed risk free markets come into play...
What possible advantage would big money have in dumping hard? It benefits them more to play the headfuck game and make money off the back and forth. I mean heck you could almost just make retail disappear entirely and you'd probably still have the same action.
Markets go into a bear phase whenever there is abundance of exuberance within the crowd. We haven't reached that stage yet. Keep buying support levels.