Everything is going up. We get a number close to consensus and everyone is happy. Bonds going up, stocks going up, gold going up. All assets are rising. Bond supply doesn't matter because Fed buys up all of it. It is no coincidence that the US has a 1 trillion dollar budget deficit and Fed is buying 1 trillion per year in bonds.
There will be no correction until we reach high enough levels to bring
out enough equity supply. It might not happen till we get to the all
time highs at 1575.
Friday, February 1, 2013
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