Like a never ending spike up based on losing money, right? Who knows? With the fraud of the endless printing press of the FDIC behind them and dead bank asset confiscation backed by taxpayer money you mnay be right.
Technical STI looks really good. It is breaking through major resistance with next stop around 35 (minor resistance), then 40.
40 will be hard to tackle for STI but 35 could be reached rather fast if market conditions allow. Major earnings season run through end of Feb, which should support STI's run to 35.
Time will tell where this break out will take us.
It's a good sign that the first of the month was a strong rally, so it seems the rally has some legs, even so some folks insist on the downturn. The market does have a way to punish the naysayer and somehow always goes where it can make the most money.