Heh...heh...heh...
No elation from me with the latest stock surge. Wise investors are simply fleeing the still-weakening dollar, and a GDP contraction that is now exceeding forecasts, by taking high-risk investments and hoping to win the inflation race.
They'll run for a while yet, but eventually they will have to latch on to what seems to be the most buoyant currency.
If we're lucky, we might see a decent "fool's rally" before the stimulus (and attendant monopoly money) kicks in and shoots the market and the currency to hell.
__________________
I stole this sig from Task Force 
|