This Sucker Rally seems to "have legs!"
The notion that the retail investor always buys high and sells low seems intact...
The recent "rally about nutthin" on Wall Street seems to have been motivated by "plunge protection" fears about the transition from Greenspan to Bernanke... The Fed and it's shills on the Street always issue "protection" during key events or transitions...remember Y2K? Yea, sorta like that...
The issue is how far can it run and how hard will it fall back once the "crisis" period is deemed "over?"
Of course oil and gold are still high and retailers like Walmart are warning about the future... But Plunge Protection is just a flood of money into the free float...it doesn't care about reality or fundamentals
THIS MARKET WANTS TO PROLONG THE PLUNGE PROTECTION SUCKER RALLY...NO MATTER WHAT!
