Mooola I'm of the same opinion as ypu. These bear market rallies are notoriously convincing.. I have short positions in some blue chips and the strength of this rally even has me worried..
But.. everything fundamental points to its a short term thing.
The issue is that other than the uk the euro states dontt have anywhere near the ability to use qe as a short term fix. They actually need to use real money for these bailiuts unless they changethe eu constitution and that's something that will take time.
Methinks bear market rally. Market needs new entrants now to provide volume during the continuation...
Sorry bout spelling writing on htc phone with tiny keys and big fingers
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