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Friday, February 01, 2013 1:54:19 PM
Triple Top coming or maybe QE Forever means new highs and a rally that just won't die.
Last month was the highest inflows of new money into mutual funds and ETF's ever. Today we begin February with the new monthly inflows. Despite levels of bullishness that generally point to a short term top the market seems poised to test its previous tops to me if not more.
I don't think this will end well. The amount of debt that is being taken on by the government with no real plan how to balance the budget will eventually lead to real pain in the market in my opinion.
But first, triple top, or new highs?
RtS
Last month was the highest inflows of new money into mutual funds and ETF's ever. Today we begin February with the new monthly inflows. Despite levels of bullishness that generally point to a short term top the market seems poised to test its previous tops to me if not more.
I don't think this will end well. The amount of debt that is being taken on by the government with no real plan how to balance the budget will eventually lead to real pain in the market in my opinion.
But first, triple top, or new highs?
RtS
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