Do the markets seem a little "too happy" lately?
I mean whats changed.....? Oil is down a tad. The economy is creating a few low wage jobs for the summer?
But Greenspan is raising rates no matter what....and Asian central banks are selling dollars..even as they deny it. And the China devaluation could be.....problematic?
There's a lot of hype about hedge funds being caught on the wrong side of many trades.....and the budget deficits in the US seem destined to expand forever...or as long as China sends us the money.
THERE IS SOMETHING VERY VERY FISHY ABOUT THE MARKET THE LAST FEW WEEKS....PERHAPS THE "NAFARIOUS FORCES" ARE BAILING OUT THE HEDGE FUNDS BY "MAKING THINGS RIGHT" AGAIN.... OR....?
Anyway, this market is happy....too too happy.
SOMETHING IS UP.....BUT IT'S NOT GOING TO BE STOCKS FOR LONG......
Postscript: Note today that bonds were up strongly even as stocks were up...and the volume on the NYSE was low for a "rally." This is very "fishy" behavior for the markets...my hunch is someone is bailing someone out of something..... stay tuned.
