<<blowing up another bubble that will eventually burst again. >>
Maybe, but maybe the gum is just now being put into the mouth...it still needs to be chewed, then the bubble needs to start being blown. Then it needs to get overblown before it pops.
With the surprise cut and more cuts on the way, trillions in cash waiting to buy, I would not wish to be short right now. Doesnt mean we dont see some downside, but IMO, upside potential is greater then downside potential at this point in time.......Fed has really whopped alot off funds rate since jan 3, and will continue to do so.......we were overbought and we were oversold. Now maybe we are in a basing mode, but it sure was explosive going from 1550 - 2100......at this rate, 3000 could happen quicker then alot think...not saying it will, but two weeks ago when naz was approaching 1500, all you heard about was doom and gloom and naz 1000 on the way......if you had said two weeks ago, naz would be at 2100 today, you would have laughed.....so again, not saying anything is going to happen, only that anything is possible, and I must admitt, NTAP was quite impressive giving such a whopping warning and then proceeding to go up from $14 - $19.......... |
