Markets gapped up on overnight in europe. The sp is up 14. The bulls just don't go away and I think it is typical of wall street to keep this scheme going as long as possible. Yen weakness is showing up again as everyone just puts the same trades they had going on last month back on. Seriously is there any imagination outthere?
Barry Ritholtz is noting a massive head and shoulders pattern in the euro which is likely to lead to further dollar weakness. Is there a level where people began to reduce bond holdings because there is too much currency risk? I think US shares are going to underperform again this year and if interest rates rise they are really going to underperform.
Sentimenttrader models in the nasdaq 100 our getting overbought. The curve continues to do nothing, but in a slow steepening trend.
I'm with Itulip. Nothing is going to change in this system until a massive fraud is revealed which I have doubt there are many. A fraud would really wreck the cds market and question all payments and counterparties.
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