Yes it is bubble time today in the market. No fear straight up junk into the stars. Hmmm lets see, we have yields collapsing, oil still up there yet the market is flying like there is no tomorrow. Goog goes straight up, parabolic, without a selloff off. Pure speculation and people talking about a second mortgage to buy the stock. Then you have your friends at major brokerages with their tulip weather forecast. Amazing that these people didn't learn the first time in 1999. Oh well. What goes up, especially fast, must come down.
I still don't get this no inflation talk. You have housing prices soaring, oil prices still up, material cost through the roof and the market is flying like inflation is dead and the fed is done. Yeah ok. The fed, the same one who saw irrational exuberance in tech stocks, is going to stand idly by and watch housing explode into a massive bubble that could be 10 more deadly to the economy than the tech wreck was.
I am just scalping at this point on momentum deals. Don't like to long markets that are straight up without some kind of retracement. Thus the danger is high up here and the fear is low..
0 comments:
Post a Comment