Pretty funny comment that feels very true. Oh chaos in Europe? No big deal. It echoes the Honey badger market mentality that I've been describing. THIS is market euphoria, when bad news is good news, and good news is great news. They even had a person go on the air on CNBC saying that the lower homebuilder confidence was a good thing in the market. This is insanity.
guys cnbc stands for crooks 'n banksters corporation.Do not follow that channel.they are the masters of spinners.They are deceptive and illusive to say the least.Use their comments as a contrarian indicator.If they say sell you buy and vice versa.When apple was nearing a top they lured people into buying the stock and look what happened.Now that it is nearing a bottom they will tell you to forget about it and it will go up.Do not trust those ppl.Do you own due diligence and learn how to read charts.
It is literal cheerleading on CNBC. Serioulsy, I'm a long term bull. I'd love for the market to go up and make new highs. I also feel that it needs to correct in order to reach those highs. I'm betting on a correction, and thats why I invested in UVXY. The longer the apparent euphoria lasts, the bigger the fall will be, and I'd rather not bet against the US economy long term.
Also something that has fallen off peoples radar. I hand out the Government furlough layoff slips on Friday. It seems to have dropped off the news. So unless Congress acts between now and then, the slips go out. I wonder how the market will react to that?