Friday, March 25, 2011

Street is Underinvested

You don't get these explosive V bottoms unless the Street is caught flat footed without enough equity exposure.  The short term trades are about supply and demand, the market could care less about Portugal or Japan's reactors.  If traders need to buy to save their jobs, they will buy, hell or high water. 

Just in case people forgot, we are still in a rising trend.  These super long bull trends do not die easily. 

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