News that oil is "below $57" is now grounds for a frenzied rally on Wall Street!
These folks are really grasping at straws......or, they could merely be holding the markets up until April 15, and the traditional "Spring Crash" ....but only after all of the suckers are in at the higher prices.....?
And, of course, Greenspan and the Fed are on tap soon, and many think the Fed will not be so "measured" this time around.
After all, we do want interest rates "normalized" while we're all still young enough to enjoy it!
CLEARLY THE STREET IS AT THE HIGH END OF IT'S RANGE FOR THIS CYCLE.....
BUT IT WILL BE INTERESING TO SEE HOW THIS REALIZATION PLAYS OUT DAY BY DAY.
THE MARKETS HAVE AN INTERESTING WAY OF "LATHERING UP" EVERYDAY ABOUT SOME IRRELEVANT NEWS ITEM.
......BUT THE BIG TREND IS STILL DOWN.
SELL BEFORE MAY should be the market's mantra now!
