Looks like a strong pop on the open. Nasdaq is especially hot.
With both Equities and Gold at year highs, you can dismiss the economics discussion, and instead focus on the dollar and ZIRP.
Keep it simple: cheap money, momentum, under-invested players.
Be back in 15 . . .
>
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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November 11th, 2009 at 8:15 am
awesome-
and why not- America is full of red hot investment opportunities- a blow off top imminent- puhlease-
just buy and relax-
infinity and beyond has no top
November 11th, 2009 at 9:01 am
Why was the timing article deleted?
November 11th, 2009 at 10:38 am
Any way to see when Japan went to ZIRP and how rheir stock market responded. After all look where they are 20 years later…
November 11th, 2009 at 10:54 am
Many of the short-term technical indicators I follow have turned bearish in the past few days: market breadth and internals, although…
http://raphaelkahan.blogspot.com/2009/11/equities-short-term-caution.html