No way trying to discredit "GetTheHellOut" parts 1,2,3, and 4 but let's stop relax and get ready for a good ol bear market rally.
Calling S&P back to 695 tomorrow. Rally has legs next week to 735.
There's some fundamentals of why this will be happening. Let's start a list, I'll get it started...
1. Some flocked to treasuries, but long term notes have not been able to breach this level for over a month
2. USD stalling
3. China net supply imports have increased despite exports declines.
4. Oil firming up
5. Shippers ready to rally
6. Congress to change accounting rules for banks
7. Oddball reasons.. Just went to the circus and hundreds of people forking over $10 dollars for 1 min elephant rides, $10 to get a photo next to a bear.... what recession??
Calling S&P back to 695 tomorrow. Rally has legs next week to 735.
There's some fundamentals of why this will be happening. Let's start a list, I'll get it started...
1. Some flocked to treasuries, but long term notes have not been able to breach this level for over a month
2. USD stalling
3. China net supply imports have increased despite exports declines.
4. Oil firming up
5. Shippers ready to rally
6. Congress to change accounting rules for banks
7. Oddball reasons.. Just went to the circus and hundreds of people forking over $10 dollars for 1 min elephant rides, $10 to get a photo next to a bear.... what recession??
