This is a very dangerous market with many cross-currents.
- The fact that we couldn't break out on friday with the "good"(benchmark revised) GDP numbers
- ....and the fact that Energy stocks couldn't join Friday's OIL (and sell the DOLLAR) party
- ...and that the VIX (Optionmarket) and 10 TSY Yield send bearish signals ..
- ...and that Mr. Market couldn't run more with all the weak DOLLAR tailwind (which would have led to an upside explosion some weeks ago..)
- ...and that the leading Nasdaq shows realtive weakness ....
.....against the backdrop of a MOMO-infused bull run means RISK!!
THE LONGER THE "RECESSION IS OVER" EUPHORIA RUNS (without any cooling off periods) THE DEEPER THE CORRECTION WILL TURN OUT!
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