Expecting more of the same!
|

Expecting more of the same!

ECB printing…Yellen not raising…Japan printing…China lowering…England printing…and the beat goes on. It’s the holiday. It’s the end of year window dressing. It’s central banks. It’s a bull. Case closed! The V-shaped, central bank induced moves remain unprecedented. Enjoy. Just one negative note. On top of all the ridiculous IPO froth in biotechland, biotechs hit a…

Holy s–t!
|

Holy s–t!

We have studied every bull and bear market since the stone age. We have seen most everything. But we have never experienced the printing of trillions while rates stay at 0% forever. Leave no doubt about the firepower the Fed continues to have. Every time one thinks their firepower is diminished, it shows up again…and…

More yuck!
|

More yuck!

Less is better! Markets remain under distribution. Rallies are sold off on an intraday basis. The NDX was really weak on Monday. Breakouts have been failing like the NY Knicks basketball team. Loads of external negative news from around the globe. A crash in energy prices is now being seen as more negative than positive…