Friday, 18 October 2013

1pm update - just another hour of upside

The main indexes are really pushing hard for a daily close in the sp'1740s. There is simply nothing bearish out there, and with the giant GOOG hitting the big $1000 level, the cheer leaders on clown finance TV are starting to suggest 'upside into end year'.



There is little to add. Again, I can only note that the world index charts are telling the real story. Huge breakouts on just about all of them...and with the debt ceiling nonsense now fading away...the market is back to normal service.

*equity bears should keep in mind next week begins with a sig' QE-pomo, and there is jobs data early Tuesday.

Green shoots of autumn?