FRIDAY 11/14/14; Russian Ruble Collapse; European GDP's; Greece Exits Recession; Retail Sales; Consumer Sentiment; Business Inventories; SPX, TRAN and AAPL New All-Time Highs; COMPQ Record 14-1/2 Year High

Dollar/yen catapults higher above 116. Banzai! Of course the NIKK moves higher due to the weaker yen gaining +0.6% at 17.5K. Aussie dollar 0.8690. The SPASX200 is up +0.2% with Aussie banks trading higher but energy stocks lower. Korean stocks are weak with the KOSPI dropping -0.8%. Malaysia GDP is in line with expectations at +5.6% weakening slightly from the prior quarter’s +6.4%.

India’s inflation dips to a five-year low to +1.8% steadily falling 










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Federal Reserve Vice Chairman Fischer, Chair Yellen’s right hand man, moderates a panel in Washington, DC. Fed’s Powell touts the standard line that there is concern over market volatility ahead but it will not affect the Fed’s decisions. The joint Fed-ECB conference is uneventful with the discussions concerning further collusive intervention into world markets occurring in private.

The Investors Intelligence survey is at a record high 58% bulls. Traders are complacent as evidenced with AAPL gapping up every day as investors are willing to buy without any regard for price. The CPC and CPCE put/call ratios remain low ditto the VIX at 13.31 verifying the complacency. There is no reason to ever worry about a stock market pull back since the central bankers plan on maintaining higher equities indefinitely. Investors are partying like its 1999.