sp'60min
Summary
With little scheduled this week, it should favour the equity bulls.
First obvious target is a daily close above the recent high of sp'2104. Once that is achieved, it is a straight forward move to 2115/20 zone.
For now, it really just seems to be a question of when new historic highs are hit... not if.
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Doomer chat, Hunter with Celente
As ever, make of that... what you will.
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Economics chatter, Long with Laggner
Some interesting points in this video.... but when it comes to Gold and the miners, Laggner is grossly out of his mind, but then.. he is one of the promoters.
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Overnight Asia action
Japan: solid gains of 1.0%... set to re-take the 20k threshold
China: +0.3% @ 3536.. still a little shaky.
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*Fed official Bullard is set to speak on the economy later this morning, Mr Market will no doubt be listening for any chatter on int' rates.
Have a good Monday
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8.46am... Takeover news....
GMCR, bought out by JAB holdng for $13.9bn.
GMCR stock +74% @ $90... someone who is long the calls is having a good start to the week with that.
9.08am... and something to consider... on the flip side.
There have to be a few retail amateurs out there.. short GMCR on margin.. who have just been zeroed out... and will lose their house today.
Scary stuff.