Friday, 1 February 2013

3pm update - upside down market

Mr Market is looking tired on the hourly charts, but clearly today is another victory for the bulls. New index highs, not least the Dow breaking the big 14k level. Regardless of the nominal price levels certainly remains one twisted..and upside down market


meanwhile...back at the casino...




You can read the jobs data whatever way you like. Participation rate is lousy, doesn't matter, does it?

Market is fuelled by POMO $, the algo-bots are forever helping to melt everything upward, and we have the media cheer leaders out there, touting how great it is.

A few minutes of Sesame Street makes more sense than clown finance TV can make in an entire week.

back after the close