monday update, page-21

I start to believe Important Person like Ben Bernake has chosen a good date to make his statement. The punchbowl is here to stay....

"NEW YORK (Reuters) - U.S. stocks rallied broadly to fresh 13-month highs on Monday after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to spur growth......."

Well, I guess one pattern is worthwhile to have another look. The Chinese stock market. After a harsh correction, it powers on. The fuel of the rally is of course 25%+ increase in money supply.

We may tracking it to a certain degree simply because people react to a recognized pattern, participate, react then the pattern is distorted. But the drive behind the rally is the same. Easy money, and Bernanke rubber-stamp it over and over again.

I know, one day the stock market will crash big time. But before that, Party time..................