John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Augustus Gloop who wrote (13543)	1/28/2013 10:24:04 AM
From: John Pitera	3 Recommendations Read Replies (1) of 33421

Laslo Birinyi, makes important points about the US stock market having an "animal spirits" year how equity prices have room to move higher..... The massive capital flows out of all Japanese Yen assets and much of that is moving into US equities. CMC warns and the stock recovers in a week, ditto TIF. in 1982 the odd lotter was a net buyer 9 days...... in 1983 the odd lotter was a net buyer 155 days and the next few years were quite positive for equities. I think you have to view the stock market these days through a prism of alternate asset classes offering no value and thus you move into stocks since they are the only game in town. I guess it's feeling alot more like 1985 and 1986 right now. The Transport Index and the infrastructure stocks are supportive of this thesis. The biggest evolution in the market is how quickly information and sentiment can change...... The massive rise in the Euro/JPY are making their goods less competitive but........ a rising Eur/JPY is a classic risk on trade. John

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