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E Nuff Sed » Comments » BK

  • Why This Rally Is Unsustainable [View article]
    I agree the "pull back" everyone is expecting may not happen any time soon. The S&P 500 has already pulled back 5% twice in its 30% climb from the bottom on March 9th.
    stockcharts.com/h-sc/ui?s=$SPX&p=D&st=2...
    Every pull back is an invitation for more longs on the side lines to pile in
    May 03 20:42 pm |Rating: +2 0 |Link to Comment
  • Why This Rally Is Unsustainable [View article]
    I agree with the comments that TBT has been a good trade. Also TBT is showing great technical signs. I think it has another 25% to go.
    stockcharts.com/def/se...[PA!B50][D][F1!3!!!2!2...
    I disagree with author on his bearish position. While the market is certainly overbought technically and due to a 10 - 15% correction - its going up after this. The reasons are fundamental. Look at figure 1 in pzena's analysis. The S&P 500 relative to 10 year treasuries is cheaper than its ever been in 30 years.
    www.pzena.com/investme...
    As credit markets stabilize there the meltup in equity prices will continue.
    May 02 16:27 pm |Rating: +2 -2 |Link to Comment
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