Don't bet against the Federal Reserve. I wouldn't say that's why, because they only control bond markets, and there was a substantial undervaluation of the networth of companies through most of the early part of the year, so I don't buy that it's just liquidity driving us up, it's just rationality. You could have bought the whole S&P500 for 70 cents on the dollar and sold it all off piecemeal. It's helped having liquidity, yes, but not enough for me to think that's the only thing happening to make us go higher.
I'm not the one self-promoting some money making scheme, as you are, my friend: http://www.elitetrader.com/vb/showthread.php?s=&threadid=167686&perpage=6&pagenumber=1 So who has the ulterior motive here? You do.
The story is about less demand for electricy. Prices for power are going lower. This is good news for most people. Thanks for the good news!!
I think BLSH is having a hard time buying into the fact that things are fine and we should all go back to our homes and spend money. I also dont see any reason to think that the bottom is in. It has nothing to do with me being short or long. I just dont like the media blowing smoke about how good things are looking better when a deeper look at things point to a darker picture. I think BLSH is trying to keep others from drinking the "Cool Aid" I enjoy his posts because I want to get all sides of the story but I dont have the time to scrounge up all the stuff he seems to dig up. I am also happy to read posts from people who are trying to convince us all that we are in a new bull market. Have a fun and safe weekend
Electricity future contract prices. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2565485 \img>