Schweizer

How Much Longer for This Rally?

SO .... How much longer, as the title suggests??

70% beat earnings expectations but also likely 70% missed revenue expectations, but let's not discuss that fact.

With China stimulus ending, Q2 likely was a flash in the pan, especially for tech stocks. There needs to be real, sustained, aggregate demand - it's not happening yet and likely won't happen for a long time as we are going through a cultural shift away from debt, but it is debt (lending) that Washington hopes we embrace again to get the economy going. Not gonna happen.

Case Shiller Index Has First Monthly Increase Since 2006

Bespoke is a joke.

All that has happened is that a larger number of more expensive homes are being foreclosed upon now and as these sell the average price goes up!!

This is not a good sign and it does not indicate a bottom!!!!