U.S equities are getting quite crowded up here.
It's a waiting game I think, as for NFP - economists are saying +175k; traders want +250k..market might sell the fact on a good number or it might rally very hard with a number above +350k.
If it's a bad number alot of downside potential here. As for upside potential, sure it could well keep going up, but the higher they go the harder they fall.
The Bernanke inflating another bubble not entirely in everyone's interest. Inspite U.S fundamentals looking better - they are coming from a very low base.
U.S corporations do have a large warchest that will encourage M&A activity in the months to come... but with M&A activity comes employment lay offs too...
Interesting times indeed,
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