I like to know what the masses are thinking...good fade material...so the masses think this rally is fake huh...hhmm...I increase odds of making new highs later this yr from 65--->75%...
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The mkts dont trade on news beyond a day...its about liquidity...its about supply-demand.
People need to realize the worse the economic news is, the happier they should feel if youre long...when the bad news keep coming in the higher odds of QE3...without QE 3 this mkt is done...I am banking the economy is doing shitty enough QE3 will come...the big money agrees with me.