By now we know that all news is good news, no matter what the reality of the situation is. The smart folks are telling everyone to risk everything & jump on board the volumeless, momentum driven equity elevator and ignore those annoying doom & gloom blogs.
However, given the recent events in Socialist Europe, they may be the one’s on the other side of the trade this week as john q. public takes his savings and dumps it into XLF and monthly newsletters at an inopportune time.
2001/2007 redux, or ready to explode higher? Place your bets…