With the market euphorically bubbling away you'd expect a lot of NEW HIGHS to be made.
WRONG!
The new highs and new lows are showing a rather narrow market.
True,only 5 new lows, so no one is being devastated.
But why only 200 or so, new highs?
WHERE'S THE BEEF!
Chances are that most of your stock holdings are doing just so-so this
year. Mostly, up a little, or down a little.
SO, WHERE'S THE 1000 POINT DOW RALLY GOING?
APPARENTLY INTO THE DOW ONLY ! AND NOTHING ELSE!
WITH A NEW ALL TIME HIGH ON THE DOW WITHIN REACH;
YOU'D EXPECT THAT THE NEW HIGHS WOULD BE 500-700++, BUT IT'S NOT!
SOMETHING ABOUT THIS BIG DOW RALLY DOESN'T PASS THE SMELL TEST.
IT'S ALL "TOO NARROW" TO BE FOR REAL.
AND THE DOLLAR JUST KEEPS ON FALLIN!
WHILE GOLD SEEMS VERY VERY STEADY LATELY.
BEWARE THE NEW HIGHS, NEW LOWS, AND NEW LIES ABOUT THIS MARKET!
See link for stats:
http://finance.yahoo.com/m0
