Everything is coming up inflationary in the markets...
Stocks are up, up and away ALA the market masters game plan for a "year end rally." Or,...for whatever "reason of the day" the Street decides on today.
But Gold is doing very very well also??
Back in the "olden days" of 1999, stocks would go up and gold would go down... No more!
Clearly, the markets see INFLATION AND HIGHER RATES ahead... And perhaps a weaker dollar despite the best efforts of the Fed to protect the dollar from the gross excesses of Washington...
And of course the Fed wants to preserve the beloved bubble in stocks and other "assets."
So this market just wants to rally! Why? Because fish gotta swim and birds gotta fly! That's why.
And the retail investors simply must CATCH THE TOPS no matter what...! Got it?
With year end bonuses and 401k jiggering coming...stocks should continue to rally NO MATTER WHAT THE DATA POINTS SAY...AND NO MATTER IF RATES ARE GOING UP OR NOT NEXT YEAR...
SIMPLY PUT...THIS MARKET IS GOOGLING!
IT'S A MINI-BUBBLE THAT HAS NO REASON FOR BEING...EXCEPT THAT THE MARKET MASTERS WANT IT...AND THE "FLOAT" IS STAYING PLEASANTLY MANAGEABLE.
DOW 11,500 BY THE END OF THE YEAR!
...BUT SOME SERIOUS "UNPLEASANTNESS" IN THE FIRST QUARTER OF 2006...!
RALLY ON!
