KEEP THE WIND AT YOUR BACK
Yes, it’s all about the Fed.
Yes, we’re overbought.
Yes, there’s another bubble building.
And, yes, it seems a waste of time trying to be thoughtful as it’s apparent to see easy money from Uncle Sugar lubricates trading desks and fosters speculation.
Or, as Jesse Livermore famously said: “You don’t need a weatherman to know which way the wind blows.”
So, get on board the bubble train while you can or take up farming.
Stocks continue to “melt up” as sellers are absent and trading desks are firmly in control. Disappointing earnings are ignored while good earnings and data are the featured headlines. You may recall earnings announcements after the close the past two evenings were sold hard in extended trading but have been just buying opportunities for trading desks. Microsoft, Qualcomm and Amazon are just recent examples....READ MORE!
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