dow isnt looking to healthy. reaching 16000 doesnt mean anything if it can wiped out by one holiday weekend sales report. my observation is that it is all air. look at all all the flow from bonds into short terms. just read an articles where some woman wrote she was excited that everyone is ditching secure long term etfs and sticking it into mutual funds. omg people are stupid. this nation has been using bonds to balance liability both financial and social. if bonds are going crap then those liabilities go unleveraged. and then all of Americas investors make their way to the top of the nearest skyscraper. fun. we are not in a recovery until qe is snuffed, budgets run surpluses, and growth/unemployment doesnt make headlines every fed minutes.
Posted on: Tue, 03 Dec 2013 17:14:29 +0000
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