Volume is very low.
Commodity stocks rallied on weak USD but it seems to fade today.
People are buynig junks like FRE, FNM and AIG
We are having market top here.
Facts: Banks are sucking more bloods from small and medium business just like you keep getting rate hike notices from the credit card companies.
Implication: TZA (small cap 3x bear) will outperform FAZ during market down days. So forget about hedging with FAZ, use TZA instead.
Look at the chart of USD versus AUD and EUR. The further USD goes down, the higher stocks move up.
Mining and metal stocks continue to make new high after March.
Story: China’s Property Sales Surge 60% From Year Earlier Chinese banks are doing what western banks were doing after dot-com bubble burst. Bubble after bubble is here to stay. It is mainly because we have many too-big-to-failed firms who can move billions of dollars in a micro-second.
So much for stimulus bills and pills ...
How long can it last? DJIA 10K next?
Once it starts to fall, it will be a long long time for the next arousal...