As I said b4 it is time 2 buy I made a thread telling people 2 buy right on Feb 28th the day following the big selloff The selloff wasa flitch like the 87' crash. It had nothig to do with fundementals or very bad news. Just runaway profit taking.
We are also headed for a record high on the NYSE Composite Index today! If not achieved today, definitely next week, we are only a few points from the record!! http://lauristonletter.blogspot.com/
launen you have been quite bearish for a while and yet the market is going aginast you. Aleast admit you were wrong, but if you wont I will.
CPI and PPI will cause a decent correction, retial gas prices are surging up 40% in a month. Inflation fears will soon return. Until then the bulls are in charge.
The currency market may be signaling a weak employment report. But the US index futures are open tomorrow, and my guess is the will sky rocket, why, because the chant will be rate cut rate cut, fed is gonna cut rates wheee. Lets see, I bet I am right.
The refusal of policy makers to take any kind of firm action in regards to interest rates has led to a global credit mania. Only God knows what will end it. There is no doubt that market participants are getting more and more confident that nothing can derail this thing.
Chinese government has raised bank cash reserve requirements for the 6th time this year. The banks must be cheating. Mass hanging of bankers soon?