Plus major stalling day Thursday. today was day 7 of rally attempt that started just one day after correction call was made. Bond market action pointing to huge stock market swoon in the very near future.
will get 10% soon then the folks will say buy the dip but no powder left. then we will get 20% just like 2008. In Sept-Oct the trap door opens just when the folks think the bernank will rescue us since CNBC will acknowledge a correction/bear since down 20% but there will be nothing left for them to do except make outright purchases of S & P futures and ETF's. or are they already doing that? Either way 2013 will be a terrible year for stocks and if you are sitting on a fat gain sell now. and don't let it slip away or even turn into a loss. Think about it now five consecutive "up" months By the end of 2013 we could be down 35-50% on the year. watch the bond market too. Deflation is very bad for equities, hyper inflation is bad too since they'd have to crank rates up. How about 1970's type Stagflation?? Correction continues even though near all time highs.