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<< Return to page 1 - Another Asset Bubble





























































If after hours trading is any indication, then we should be heading much higher tomorrow. The bulls are taking over once again driving market prices higher in everything everywhere. All this is due to low interest rates forcing investors on the sidelines to lose their patience and make for better returns in riskier assets. This is the logical outcome of this much liquidity with a lot of manipulation and BS stirred in. It is what it is. That’s all we can say since we’re back in bubble-land once again. The price will be high but that’s all down the road since putting things off seems easier. While officials talk tough, it’s also much easier to inflate.

Zero Hedge glommed on to an interesting Goldman Sachs (NYSE:GS) document leaked to them. A portion of their summary is as follows:

“What is interesting is that while Goldman makes token concessions about certain aspects of market topology, it is virtually adamant in its “do not touch” stance on precisely those components in which it is becoming a practical monopoly power.” Continue reading….

You have to hand it to Goldman—what you hand them is up to you.

Let’s see what happens and follow our intraday comments on twitter.

Disclaimer: Among other issues the ETF Digest maintains positions in: VTI, XLF, DVY, IEF, TLT, UDN, GLD, DGP, DBC, EFA, EEM and EWC.

The charts and comments are only the author’s view of market activity and aren’t recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren’t predictive of any future market action rather they only demonstrate the author’s opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at
www.etfdigest.com.

Source: Thursday Outlook: Commodities, Global Markets