DESPITE THE "FUTURES" I THINK THE MARKETS WILL BE UP SHARPLY TODAY...AND FOR THE REST OF THIS WEEK, MONTH AND YEAR...
THIS IS SIMPLY NOT A MANIA THAT CAN "AFFORD" A "BREAK..." ANY BREAK NOW COULD UNWIND THE MASSIVE LEVERAGE IN THE SYSTEM...
REMEMBER MARGIN DEBT IS AT A RECORD HIGH!!
THIS HIGHLY LEVERAGED MANIC SPECULATION IS BASED ON THE NOTION THAT THERE IS A NEW SUCKER, OR HEDGE FUND MANAGER, WILLING TO BUY...INDEFINITELY...
THE LIQUIDITY FROM CHINA AND THE GLOBAL NEW ECONOMIES...ARE FINANCING THE OLD WORLD SPECULATIONS...
THIS WILL CONTINUE INDEFINITELY BECAUSE NO ONE WANTS TO CONTEMPLATE WHAT WOULD HAPPEN WHEN IT ENDS...
I BLAME THE CENTRAL BANKS FOR THIS MANIA...AND PARTICULARLY BERNANKE FOR NOT LEVELING WITH PEOPLE ABOUT HIS REAL AGENDA...
THE DOW WILL RISE FOREVER...! ONLY SMALL PULL BACKS...OF LESS THAN 20 POINTS...WILL BE ALLOWED....
AND EVEN ON THOSE RARE "LOSS DAYS" THE MARKET WILL RALLY SHARPLY AT THE END OF THE DAY HOPING TO "MAKE UP" THE INTRA-DAY UNPLEASANTNESS...
THE MOONSHOT WILL CONTINUE....BECAUSE IT CAN NOT STOP....AND THAT IS VERY COMPELLING LOGIC...
