Yes, but it won't be allowed to, by the boyz manipulating the futures, and their kind Uncle Greenie, who loans them money for free to do that. They are very predictable, and they will continue buying boatload of SP eminis precisely at the lower BB, to run the market 5 standard deviations above the upper BB, until Mr. Market gets a little pissed. They don't like VIX where it is already - it is breaking out of downtrend, it is causing puts to be a lot more expensive... Naturally, I hope the time has come, cause the market broke the LT trend line.
Yes, treasuries will be rotated into stocks, again! That is, until credit spreads start to widen significantly. Then the boyz will be in for a lot of pain. I really don't think the Market will follow TA down this time. It will behave like a very heavy brick, when it's ready. Too many longs, with too much leverage. Surely, they WILL do ANYTHING in their power NOT to make this happen. Until they no longer can, which is exactly the point where the manipulation ends and free fall begins. BWDIK?
Yes, one can try to play with the boyz, and make tons of $$$, but then the boyz will be first at the door when someone cries "fire" in a crowded theater. |