I think based on the idea of zero interests rates for the next 2 years per the Fed, along with endless rounds of money printing will make the dollar the new carry trade. This will inversely prop the stock market higher. Also, stepping back from the shorter term charts my view does lend the chart picture more symmetry. This last push back up to the top should be led by inflation/commodity plays.. I'm considering MCP as a lead horse if it doesn't run away from me....
Saturday, August 13, 2011
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