Great day for those playing swing long!!!!. Just great!!!! No spin but these buyers obviously didn't watch the show and that's their misfortune if they are LTBH.. The sideliners finally think they got their bottom.
This will be a neat run! And then it will fall all apart.
But those LTBH types that are buying now will be just another bunch of EASILY suckered victims who will in October be saying how could i have been so stupid, and in deeper trouble then they were before. The hucksters cheerleading buy the market from the government cheerleading team, to ALL the Fund heads cheerleading and giving all their cliches will HAVE once again SET UP more pain for the poor LTBH buying now that believe they are NOT being told LIES.
It will be roller coaster ride up and down, but we have not not seen the equivalent of the 1974 bottom.
There still be so many people out there desperate to get back what they have lost that are once GAMBLING wildly on averaging down.
As these are NOT traders, so they and the cheerleaders that sucked them in are in my view hurting this country and hurting it's future, as they are putting potential consumption money or savings money INTO a money pit that the U.S.Government has ordained as the source of ALL good, the U.S. stock market.This in my economic opinion is a formula for disaster. i have read the latest debt figures overall for the U.S. citizen, scary stuff.
Max
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