And closer!

What do you know? Sweden’s Riksbank is now delving into the negative interest rates world and also announcing their own printing of money to…you guessed it…buy bonds. The question is why would anyone buy their own bonds that have negative yields? Simple. They are following the template of Bernanke and the rest thinking it will help. But all this does is inflate the bubble even more.

But enjoy the bubble. Embrace it…as now it looks like major indices will open at the tips of recent highs. As you know, a breakout above the 11 week trading range should not be fought with. We had all kinds of other thoughts this morning but they pale in comparison to more easy money and a market hopefully ready to move out.