Ever wonder how Houdini escapes from sure death? How Hulk Hogan wins the WWF championship? How Janet Jackson's nipple falls out of her bra during the superbowl?
The outcome is fixed. There aren't many certain things in life, and many people would say the only two things you can count on are death and taxes. I beg to differ. Death...Taxes... and a manipulated stock market.
Take tomorrow's over-hyped employment numbers. Do you think the numbers will actually have an impact one way or the other? If you say yes, then how?
So the numbers come in above expectations. What happens? The market will rally on the continued improvement in the U.S. economy.
The numbers come in below expectations. What happens? The market will rally(after a quick drop) because folks will buy on the hope of renewed interest in QE3.
Heads I win(bulls), Tails you lose(bears).
It's only when the last penny is in the hands of the Bears, that we will get any serious downside to this market. Will it be the summer? Maybe the fall during the elections? Who knows, but you have to trade what you see, and right now it's a market hell bent on making new highs.
I am conflicted. The market internals are very weak, it feels like the whole house of cards is ready to come down. OTOH, central banksters are all competing to see who can print the fastest — even the stodgy old Swiss Nat’l Bank! Since bonds offer no return, some of this moolah is finding its way into the markets. Which way to trade???
Where do folks put the cash? E Q U I T I E S…
Interest rates staying near Zero, where else can you get any return on your money.