Has anyone bothered to compare the volume on the July move down in the S&P to the this current move up? If this market is so strong why are the Transports, Brokers, Semis and Russell acting so pathetic? Wreaks of distribution gentleman and a 4-yr cycle low is a coming.
the paper millionaires were not trading "old economy" stox during the bubble....not going to get into my market manipulation diatribe...but also think it is was much easier for the PPT to keep up 30 stocks versus 50000
I'm long, so are many people I know ... and I'm sure alot of Chinese millionaires are long US equities too ... I'm serious ... Chinese are now playing US markets ..