WE ARE IN RALLY MODE TILL LABOR DAY!!!
CALL IT THE SUMMER RALLY ON WALL STREET... NOTHING CAN STOP IT NOW...
BIG MOMO IS BACK...AND HE'S KICKIN ASS!!
THIS HAS THAT OLD "BUBBLE FEEL" TO IT...
I'VE SEEN THESE EPISODES BEFORE...
IT'S A VARIATION ON "DON'T FIGHT THE FED"...
BACK BEFORE THE FED GOT INVOLVED IN THE DAY TO DAY MANAGEMENT AND TOUTING OF THE MARKETS...!!
WHY IS THIS?
WELL THE US ECONOMY IS ALL ABOUT SPECULATION...THERE ARE NO "FUNDAMENTALS"....
THE FUNDAMENTALS IN THE US ARE THE SPECULATIONS...
SO WHY SHOULD THE US ECONOMY SUDDENLY TRY TO "BE LIKE" OTHER ECONOMIES...?
THERE ARE NO FACTORIES TO SPEAK OF...NO REAL PRODUCTION...ACCEPT IN PAPER ASSETS...
IT'S BACK TO THE FUTURE TIME... THE BUBBLE IS BACK... AND THE FED HAS PAID THE BILL...
ON THE FLIP SIDE WHAT'S THE ALTERNATIVE...A TAX PAYER BAILOUT... NO FUCKIN WAY...
SO YOU SEE THE BUBBLE IS THE ONLY WAY TO GO...
THE DOLLAR IS TOAST...YES...BUT THAT HAS BEEN TRUE FOR SOME TIME AND FOR MANY REASONS...
GOLD AND THE EURO ARE THE PLACE TO BE ON FUNDAMENTALS... BUT DAYTRADERS WILL TAKE THE FED'S MONEY EVERYDAY NOW...!!
THERE SIMPLY WILL BE NO DOWN-SIDE TO THIS NOW...!!
THE BEAR MARKET IS OVER!! AT LEAST TILL LABOR DAY...AFTER THAT...THERE COULD BE HELL TO PAY...
BUT WE DON'T "DO" LONG TERM THINKING IN AMERICA ANYMORE...
