We wake up to find the SPUZ piercing the 1100 dollar level and why not?? The dollar is being sacrificed once again, "animal spirits" are running wild and all is well in the US.
The momo names are gettting jiggy with it early on here AAPL, AMZN , GOOG, BIDU, GS you get the drift. Watch Macys (M) today as it reported earnings early this morning - they are a non target/walmart type place that might give us a clue as to how retailers that dont sell you the stuff you absolutely need everyday are faring.
I have to hand it to the Obama administration they are proving to be quite apt at bubble blowing, markets have not acted this well since Easy Al was running the fed.....Al facilitated the biggest housing bust of all time, what bust will Bernanke bring us? At this point the only thing that can derail constant stock market gains would be if the printing press at the mint breaks down and the part they need takes 6 months to make.
As far as trying to predict when this will end I have given up as I beleive many bears have. Just listen to the bald guy - he has all the answers.
JB
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