If you believe as I do that players are merely renting stocks for the next momentum move you have to watch the futures. While they are firmly bid you can party you can buy stocks like AIG and FNM and FRE etc.... that dont trade on reality as I believe it defined by Websters, but if these futures were allowed to come unglued what would hold up an insurance company in hock to the government for 200 billion - nothing. You know how partying works its feels great till the next morning...for now the partyers have nary a worry as SPUZ buyers work in concert with them propelling this rally to 54% above thew March lows. But the supply of booze has to be running short (doesnt it?)
JB
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment