STOCK MARKET: MASSIVE BREADTH THRUST
Two 90% up volume days in a row. Historically that kind of breadth thrust has generated yearly returns of 20% or better. The perma bears just got kicked in the teeth again. This kind of massive breadth thrust is similar to what we saw out of the February bottom, and typical of a market moving out of a multi-year cycle low.
Folks, when are you going to finally quit listening to perma bears who clearly don’t have a clue what’s happening? How many times must I repeat myself?
All markets are going up together, and all markets have completed multi-year cycle lows. Central bank printing presses are just too powerful. That fundamental overwhelms all other fundamentals.
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Right on Gary.
This means stocks, oil, silver should all rise for the foreseeable short to intermediate term future.
Some are still waiting for “MAJOR pullback in the metals and miners” and oil to go back to “$30” to position themselves. Well, it seems those trains are pretty much leaving without them.
I keep warning folks that the multi-year cycle lows are in, but people keep following flawed analysis or people that just have a perma bear bias. Until they quit they will continue to get their teeth kicked in trying to sell short.
There is just no reason to short anything for the next several years other than maybe the dollar.