The indices moved up big time on basically no news yesterday. Bottom line, metals continue to set all time highs, interest rates will continue to go up, oil is steadily moving back up and will be over 60/bbls within a week, nat gas is surging, and consumers in the cold zones will become as frigid as their heating bills on spending going forward.
The Santa rally is a myth, perpetuated by the analysts to gather one last shot at our wallets to bulk up their bonuses at year end.
1st of the month bs of funds throwing other peoples $$$ away. They said today the retail investor is back throwing $$$ into funds, especially tech. Last seen in 2000. Good a contrarion indicator as it comes. I guess there are more and more fools watching mad $$$ and believing his bs. There are no alterative motives behind that show. Gold is over 500, silver at 18 year highs, fed raising rates,inflation rampant, and yet the markets are making 5 year highs ? I know I'm not the brightest one out there , but there is something wrong with this picture