A composite of today's up,up and away mantra.
Birinya raises his 2013 S&P target to 1900. Another oundit raises to 18,000 on the DOW. Europe in recovery mode. Our job's market picking up "steam". Economy coming out of the soft patch. Some data somewhat soft,but otherwise the numbers are improving. Earning's season was very good. Buffet declares that Market is going "much higher". Even if earnings weaken a multiple expansion will drive the Market higher. Market is the ONLY place to be,as the yields insure little risk. The Fed will never let the Market sell off much,if at all. (hey,at least some honesty in that) And so goes the nmanical drumbeat. Get in here reatail - NOW,before you miss the next leg up. Oooooooh,it looks so easy. Greed,shamelessness and real short memories. The Market Bubble ingredients. O that's right,the Sage of Omaha exclaimed 'there is no bubble"
The greed of the markets is amazing. Makes me want to wash my hands of all the bull shet.
Never heard a word today about the record high numbers that are receiving food stamps.
Bunch of my friends have been laid off working civilian job on the military bases here
in Hawaii. Max unemployment benefits don't pay their bills. Not even close. I guess
should be happy trading for living.
Good post crestrader.