Go Baby Go.... Yea! Do it baby...Do it.
Phew....that was close...
But with the Dow THIS BUBBLICIOUS THE FED CAN KEEP RAISING RATES ALL YEAR!!
Seriously this strikes me as Wall Street attempt to send mom and pop the ALL CLEAR SIGNAL.... In hopes that the public will flock back into the markets...
Well maybe...but I'd stick with yield producers...and energy and the metals.
GOLD SOARED TODAY....!!
Not really what you'd expect If EQUITIES ARE really "BACK! "
So, I still call this a SUCKERS RALLY!
The consumer was weak for the holidays and there is no evidence that he is any stronger now. The job growth has been punk ...except if you "dumb down" the notion of what's "good."
And then there is Iraq...and Israel supposedly prepared to attack Iran...
And worst of all the idea that China is prepared to "dump the dollar."
And who can blame them....? Right after we refused to sell them UNOCAL...GOLD STARTED GOING UP AND UP....
ARE THE CHINESE BEHIND THE GOLD RUN UP....?
I think they are... And as to mom and pop...REMEMBER ITS BUY LOW AND SELL HIGH....
NOT CHASE THE TOP...AND SELL THE BOTTOM!
Postscript: And this notion that the Dow 11,000 was caused by GM rising from the dead like Lazarus is not the stuff of long term bull markets... GM is still GM...and it will be tomorrow morning...! And furthermore, the chart for the DOW today (see title link) looks a little fishy...market masters to the rescue...? Ya think?
