yes, we are here happily clicking away. The Asteroid flew back and said goodbye.
The meltup in SPX is characterisitcs of the move during QE1, Hedge Funds with lots of cash deployed, unable to find a bottom, had to imagine a bottom at this level and start buying. So the excuse is "all the worse news have happened, nothing worse would happen." This reminded me of a friend who is a Property Agent telling me the same.
So wait for all the spare cash to work. Dun worry, you would be told when the top is in. It would be spectacular.
Full moon tomorrow, sporadic burst of earthquake in unimportant areas.
The Iran thing would take a while. The US Congressman needs their Thanxgivinng and Xmas. Meanwhile Netanyahu is accused as a liar by Sakorzy and Obama.
Would Israel do a sub-standard strike against Iran ?
At this point of time, France, Russia and China are not on the boat. The drum is beating, but we are far from the ignition point.
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