A very strong rally with hardly any dips. The train left the station a long time ago and it hasn't slowed down enough to pick up many passengers along the way. What few dips we have quickly disappear to give way to further rallies. I will probably have to try to eek out of my short position with minimal losses, I don't think we'll have any dips greater than 1% unless we get some more euphoria. This rally still hasn't been fully embraced by the investor community.
The incredible levitation has the full support of the Fed who wants to goose stock prices to stimulate spending. This will be another play that ends badly but we can enjoy the party while it lasts. The party in the gold section seems to have the most alcohol.
Wednesday, October 6, 2010
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