UPDATE! More Easy Money Is Pumping Up Stocks.
From Greg M
Well isn’t that special… the SP500 is for now, out of bear market territory.
Despite the unrelenting ABYSMAL economic news and warnings from major banks on the economy, the stock market is higher across the board.
Easy money in the form of UNLIMITED BOND BUYING is really a magical thing…
The 10yr yield is 3.02% and the comparative dollar strength is markedly lower.
With that, the MMRI, Mannarino Market Risk Indicator is lower currently at 198.1 and no longer orange, or HIGH RISK.
To view the MMRI in REAL TIME, click on the link below.
its a suckers rally if I ever saw one
IMHO, the upper limit on the S&P is approximately 4K. If you are nimble, you have sufficient time to jump in front of the steam roller to pick up some nickels and dimes this week.