At least that is how the market is starting out and the world markets seem likely to support the lift in the US today.
If the market were to set a bear trap this is what it would look like. I have no idea if my bearish view will turn out to be correct or if it is next stop 1350 (for the SPX). Fortunately I do not have to be right about this. This is something I have been writing about for ages, not making such an extreme bet that being wrong costs you too much.
Plenty of people sound compelling without being right very often. The jury is still out on my ability to call big turns in the market and the like, and I know this. As the market goes up far more often than not, there is value in staying in the game even if, like me right now, you have a little more cash than normal. This entire concept is very important to how think this job should be done.
A lot of things look to be working right now including foreign and gold as the dollar is getting smacked. Am I seeing correctly that the ten year is now yielding 5.01%, oops! Did the Fed do a surprise lowering while I have been away (humor attempt)?
More later, thanks for sticking with me while I am away.