Bulls Push Through Bears' Lines of Defense [View article]
This rally is scary.
Too much, to fast, many days low volume, massive computer trades, companies beating estimates by cutting thousands of workers jobs, Year over year revenue way down in many companies, price action showing euphoric lows on the VIX, shrinking GDP. Financials not participating broadly. uummmmm
Any political or major economic event and this is the stuff crashes are made of. How will the jobs numbers come in for August?
Bulls Push Through Bears' Lines of Defense [View article]
Too much, to fast, many days low volume, massive computer trades, companies beating estimates by cutting thousands of workers jobs, Year over year revenue way down in many companies, price action showing euphoric lows on the VIX, shrinking GDP. Financials not participating broadly. uummmmm
Any political or major economic event and this is the stuff crashes are made of. How will the jobs numbers come in for August?
For me I am not drinking this cool-aide just yet.