Markets closed in the green again on Tuesday, fighting some early jitters as
Wednesday Recap
Amid another slow and steady 2015 like grind a horde of stocks pressed the action. If today's trading action was the ocean the rip currents would be swift and daunting. The most skilled and adept would succeed while the slow and meek would get sucked under.
The $SPY posted yet another mechanically felt range bound day. It's as if the program is already set. Price levels are determined before the bell, and a crisis, bond blow up, or currency gyration will not stand in its way.
I give you exhibit 1A:
Top Callers Unite!
In a dim-lit dark corner, of a sticky floored saloon top callers around the globe are meeting in an undisclosed, hidden, secret location.
As stock prices print lifetime, record highs market participants or yet to participate participants, are faced with the enviously unenviable task of buying the all time highs.
A Bad Case of Greebola
Stocks at record highs? Last weeks Greek Crisis has turned into this weeks Greed Crisis. See what I did there? A quick glimpse of the stock market would make you think the economy is running on all cylinders. Robust growth. A white hot job market. Wage growth. And... what all expanding economies have... inflation. Yet its tough to argue that any of these are the case.