19 August 2014

SP 500 and NDX Futures Daily Charts - Blue Skies As Far As One Can See

So how do you like the big turnaround.

Not too long ago stocks were dropping, and the bears were slavering for a market break and talking crash.

And today the punters are talking about new highs, and 20% returns on the year for the SP 500 with permanent prosperity for the rentier class.

Its a wash and rinse. Or as Al Capone put it, "It's a racket."

I wonder if we have time for another cycle before the Alibab IPO in September.

Have a pleasant evening.