IMO, ... The U.S-$ and our economy tells me that this rally is not sustainable as we move into the summer months.
Unless you believe that we have a strong, solid growing economy that's creating wealth through jobs creation large and small alike, and that our overall international (including the U.S) economic picture is favorable for equities, (which I dont), then in my opinion, the major indexes cannot sustain any type of record breaking rally going forward.
Records are made to be broke and that is what they do, ... Its very likely many of the indicators can run from a few more weeks to a month or two, but ultimately this government sponsored rally is not sustainable.
Unless the U.S Government does an about face and starts to take control of its debt, ... and as you know, ... and have been reading, ... our dollar is headed into default, its that simple. |
