The dollar/yen drifts lower from above 104 yesterday down to
103.79. The stronger yen sends the NIKK -0.2% lower. Asian indexes are mixed
with China up and the others lower. SSEC +1%. Australia is flat. Indian markets
are closed for a public holiday.
[Text is Redacted: Purchase August 2014-08 to Read the Complete Chronology]
prised. We’ve been overweight equities.” The bullish
prognostications continue to be correct and all the bulls remain very bullish.
Even those calling for a pullback refer to it as a buying opportunity and say
higher stock market prices will occur in the months and even year’s forward.
The majority of market participants remain
steadfastly bullish completely dismissing any possibility of a multi-year top
forming or in place right now which would lead to months and perhaps years of
downside ahead. In addition, no one believes that deflation can occur. The
universal consensus is that inflation will kick in at any time due to the
central banker money printing. When the boat is fully loaded to one side saying
that a multi-year market top is pure folly and deflation is impossible to
occur, what do you think will happen? Many of these analysts called for 4.00%
for the 10-year Treasury yield this year that now sits at 2.34%.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.