a feathers weight - monday, page-41

Kate ,the specs are dead ,clearly exemplified by the 2 or three that look like going for a run every day and the 2354 that do not . I can't see them coming back in this stanza because there is absolutely no hope of most of them breaching new highs ,the ones that have tried have fallen over.

Having said that this to me looks like a typical late market where the majors will run up and everyone does their money investing on those in the categories below ,it's a thin market ,but it's a market that will do everyone's head in because it will lurch forward on a few stocks.

Personally ,I don't like it . The only markets to make money in are flat markets or emerging bulls ,bear rallies are the best for trades .The bears will be going the early crow as well in this one in the shorter term,but as anyone with a modicum of common sense knows no one has paid the piper yet have they ,and as surely as night follows day that time will come.

In the meantime I don't think the Fed is quite ready to give up the ghost yet