14 November 2014

SP 500 and NDX Futures Daily Charts - Sitting On Top of the World

"It may seem strange that any men should dare to ask a just God's assistance in wringing their bread from the sweat of other men's faces, but let us judge not, that we be not judged. The prayers of both could not be answered. That of neither has been answered fully. The Almighty has His own purposes. 'Woe unto the world because of offenses; for it must needs be that offenses come, but woe to that man by whom the offense cometh.'"

Abraham Lincoln

The stock market has reached nosebleed heights.

I do not know if the wiseguys can keep it going through Thanksgiving.

But I hear that only 20% of fund managers are beating their benchmarks which is incredible given this bubble market we are seeing.

This stock market makes my skin crawl.

Have a pleasant weekend.