I caught up on reading the brilliant links that some of you posted last week and I am stunned to realise that the bull rally is just the result of
- great earnings results due to provision (moving losses forward to next year)
- the Fed kickstarting the market until retail investors came on board combined with 'great news' such as recession is over etc so that it looks like the billions of dollars in government support that have been paid to the companies saved 'the world'
hoorray to Mr. Obama
Now, the question for me is, what does that all mean for our trading?
Is it sustainable (= we have a bull market) or is it a house of cards (= we will have another leg down)?
I caught up on reading the brilliant links that some of you...
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