Quote from Mecro:
I agree, but I do not even need technicals to tell me that the rally is shortlived and is just making up for the lack of volatility because of the war uncertainty.
Market is still overvalued, the real estate/mortgage bubble will soon burst, consumer debt is through the roof, bankruptcies are at the highest level, while the job market is pure shit. Outside of prining more paper, eroding the dollar and artifically creating more consumption with more debt, there is nothing to turn this economy around. Although oil at $10 a barrel could help.
Government has high debt, many local governments are in a budget crisis, trade deficit is at a high (although it can be argued how pointless that number really is).
So get those shorts in
