sp'daily5
Summary
Another fine victory for those on the smart side of this relentlessly powerful market.
We've seen further good gains, for what remains one of the strongest equity markets in the world. In particular, we've now seen the SP and Dow' join the Transports in what is a new accelerated stage of this up wave.
A large wave that is likely to continue for many months to come.
With the careful orchestrations of the US Federal Reserve, the new POMO $ will help to fuel a very strong rally across this year. There will doubtless be little waves lower along the way, but they will likely be even more limited than the ones seen in 2012.
An incredible spring is ahead, and I think we can look forward to some superb index gains to come, lead by the old leader of course.
Highlight of the week?
Well, that would have to be seeing people post about how APPL is overvalued. I can only assume those are the same ones who think AMZN is 'cheap'.
Its a bizarre twisted world out there, its hard not to get lost.
Have a great weekend!