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 . . .
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In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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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