agreed on all of the NIRP/QE/etc factors giving a boost.
per the 20yr charts, both in 2001 & 2008 there were multi-month bounces after the ema8/sma20 cross that happened yesterday.
imo, as risk also noted, yesterday's cross would have happened in oct 2015 if not for the october rally.
now it has happened, and with nearly every trading dusting off their bear suits,
it seems a perfect time for the casino to manip another october.
207 is a long way back up in the current anxiety dump-prone climate.
but certainly possible, given the example of october which got us back to 210.
re: going short then, does seem logical, but also consider how long the market drifted sideways in early 2015.
if the casino was able to engineer october, they can also keep the market propped up artificially for extra months.
that said, i do believe the neocons actually want to let markets crash this summer
both to be able to blame it on Obama and democrats to boost waning GOP party appeal
and to give the GOP a better shot at PotUS and congress seats in november.
only time will tell how it shakes out...
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