this could go for weeks... nothing good out there + election year.. bad election year + potental terror attack again
+QE and stockbuybacks have long left the building.. the only thing left is low int rates which the law of diminishing returns is overtaking... when it crumbles its going to be met with total disbelief
This thing is going to fly all week long and we will finally get a President that understands evil in its purest form.
last Fall and this Feb was just a warm up...yeah mkt might be up on Monday but look out the rest of the summer.. there is no reason whatsoever for stock prices this high after countless bad earnings reports and guidance.. the QE effect and buyback effects are finally fizzling out.
Put a different way its demand fueled by credit and not good paying jobs that can pay with cash.. survey said 40% of people couldnt pay for a unexpected 1000 expense.
What many believe is just smoke and mirrors from the fed.. just pushed out fake demand into the future..its not inherently the right kiind of demand... soon to evaporate to nothing.. QE 4 5 6 coming to a market near u.
shame on them for lettin a newbie release non doctored #'s