AI
Thursday, May 14, 2015 4:21:22 PM
The whole market is questionable accounting. Shorts got taken to the woodshed today on the flimsiest of data. I read somewhere a Fed head said no interest rate hike in June like that wasn't known already. So the rise is attributed to bond stabilization... yeah right... and the falling dollar. The farcical jobs number was also mentioned, but most of it was short covering. A breakout is unlikely so a new short opp should appear. It won't give much though. Too much free money for crooks to step in and buy every dip for the next sell the rip.
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