IT'S BEEN ALL HAPPY TALK LATELY...
EVERY MORNING SOME NEW "POSITIVE" DATA POINT IS DUG UP TO SPIN A DAILY RALLY AROUND...
TODAY IT'S MICROSOFT...
TOMORROW SOMEONE ELSE WILL SPIN SOME NUMBERS WITH CREATIVE ACCOUNTING AND PROVIDE THE NEXT RALLY POINT...
THE PROBLEM IS YOU CAN ONLY TAKE THIS SO FAR...EVENTUALLY REALITY DOES KICK IN...
TRADERS WILL NOT PUSH THIS MARKET UP TOO FAR, BEFORE REALIZING THAT IT'S ALL BULLSHIT BASED.
BULL MARKETS BASED SOLELY ON BULLSHIT ARE NOT REAL STABLE.
THE ONLY HOPE IS THAT THE DOLLAR WILL DEVALUE SO MUCH THAT THE DOW CAN GO UP "NOMINALLY" BUT NOT REALLY PRODUCE ANY ACTUAL CHANGE IN UNDERLYING OR REAL "VALUE..."
THAT WAS THE STRATEGY LAST YEAR...AND IT WORKED TO SOME EXTENT...
ALTHOUGH WE DID GET $3 GAS AS THE PRICE WE PAID...!!
IF THE FED WANTS AN ASSET INFLATION RALLY ON WALL STREET...AND IS WILLING TO TAKE $4 GAS THIS YEAR...
WE CAN DO IT!
RALLY ON SUCKERS!
BUT THAT'S NOT WHAT WE'RE PAYING "WIEMAR BEN" THE BIG BUCKS TO DO!
THE BERNANKE "PUT" ON WALL STREET IS THE ONLY GAME IN TOWN...
AND THAT WILL BRING THE ENTIRE HOUSE OF CARDS DOWN EVENTUALLY...
