greenlaw good post. We might be near the top. Have all of the sectors ran like in Jan.?? Semi's, bio's, storage, fuel cells, dot.coms, software, hardware, telecoms, even crap stocks??
I agree with you about CNBC and the media, and perceived good news being good for their bottom lines. According to the media right now, all news is good news, LOL.
Some think MM's will continue to squeeze to 2500, 2800, 3000, nahhh.
Those funds better keep on buying those semi's up, or we'll have another sucker's rally like in Jan..
The media is starting to mention the risk of running up, then not having a year end rebound pan out, but they're kind of hush-hush about it.
Oil is rocking, gas prices popping, this will cause some inflation. As people have to drop big bucks in their gas tanks, and pay for high electricity bills from air conditioning use, and possibly have black-outs, I doubt that they will be buying overvalued stocks with all of that extra cash they don't have.
I saw some samples of 12 month stock funds performance, they are hurting, their money is disappearing.
Right now, the media is yelling that with all of the liquidity Greenie is pumping into the system, stocks have to go up. Not! There's lot's of places for that extra money to go, IMO. Sure, Greenie is going to give us a bounce, but how much??
The Nasdaq is having a hell of a time with 2200 right now. |
