Courtesy of Read the Ticker.
The bad news hitting the tape has not forced the SP500 to crack, buy the dip folks are very pleased.
Bad news
– Oil crash, increased risk of debt accidents
– Swiss peg break to the Euro, funds blowing up
– US retail sales, fundamentals dont matter any more
The ECB is buying more stuff, the game of musical chairs moves on FED to BOJ to ECB. A Citi bank analyst has stated that world wide markets need $200 to $250 billion a quarter to ‘NOT CRASH’, so far the order has been met.
This cycle continues to work and should show a risk on market by the end of Jan 2015.
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Investing Quote…
..”Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion”..
Jesse Livermore Trading Rule
..”The first rule is not to lose. The second rule is not to forget the first rule”
Warren Buffett
