Insanity Prevails In The Stock Market
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Insanity Prevails In The Stock Market
Posted with permission and written by Dave Kranzler (CLICK HERE FOR ORIGINAL)
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Dow 30
Something's Not Right
It all made sense earlier (to those attempting to write the narrative explaining why The Dow gapped open to 21,000) but the last couple of hours have seen an odd decoupling between the USD Index and bonds (and a recoupling of the USD Index and stocks). The question is - what happens next?
Who's right? Bonds or the dollar?
Gold is rising as the USD drops (no decoupling there)
And have stocks run their course?
The Dow Streak May Be Finally Over, But In February Everything Was Up
Just because...
The Record Winning Streak Is Over...
They desperately tried to ramp it but failed
NOTE: Today was the worst day for Small Caps since October
Dr. Doom's Back: Marc Faber Warns Markets Will Fall "Like An Avalanche... Trump Can't Stop It"
"One man alone cannot make 'America great again'. That you have to realize," warns Marc Faber, the editor of "The Gloom, Boom, & Doom Report," reminding the world that the US stock market is vulnerable to a seismic sell-off that won't be caused by any single catalyst. His argument: Stocks are very overbought and sentiment is way too bullish for the so-called Trump rally to continue.
http://player.cnbc.com/p/gZWlPC/cnbc_global
The Dow Has Never Had A Longer Streak Of Record Closes... Ever
Core Durables Goods and Shipments MISS, Pending Home Sales MISS, Dallas Fed 'Survey' BEAT...
"Never gonna let you down"... 12th Record Dow Close In A Row.