I am impressed with oil back above 70 that XRT is performing so well. Obviously broader markets are headed higher but unemployment rose today and if oil continues to rise it will be hard for the consumer to recover. Commodities are what is pushing the markets up today because they have been so unjustly sold off recently. I'm skeptical of this bi-furcated market.
well said. Higher oil prices, rising unemployment with real rates pushing 15%, sales in the gutter and a 50% rise in the market since march. But things are getting better?
my take is suckers sold in march and are buying now ready to be punished again. So, Ggo with the flow, the trend is your friend, don't fight with the fed, disregard the man behind the curtain, stay were at your desk on the 40 floor of the world trade center, we'll be up soon to help you....help is on its way.