Fundamentals.
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That chart is a chart of BEAUTY, it just goes to show everyone here that this market is up on nothing more than the fed, its a fed backed rally, ZERO ZERO ZERO ZERO FUNDAMENTALS
ZEROOOOOO
They talk the market up every time its on the edge of breaking down, I hope everyone realizes that there will be a time coming that no matter what words are spoken by yellen or draghi or greenspan or BUBBLE ben bernanke that markets will fall very hard, its all a game, this market is so protected by what the fed says, and the funny thing is that everyone seems to be clueless about that fact, the charts show it, pull up any chart in the last 6 years of this bull market, its nothing but a fed fueled rally, QE RALLY, ZERO interest pumped up rally, this can't go on forever, the fed has nothing left to fight the next collapse in the economy, they are out of everything, and anyone who believes rates are going higher, well you are very wrong on that, rates are going to be stuck at 0% for the next 3 or 4 or 5 years, they can't raise them, they only have about $5 trillion on their balance sheets, plus the economy and the too big to fail banks have gotten so used to this free money thats its never going to stop, its now a global situation where which country can do the most QE, we have Japan and now Europe even yesterday Switzerland did a little game of QE, its going to catch up, many not now but in due time, no way to avoid it.