I don't know what CNBC usually sounds like, but I'm hearing the market being pumped a bit, I'm hearing them talking about moving into S&P stocks for higher yields then bonds, I'm hearing that Berenanke's speech was pretty much the right balance at the right time.. it sounds like Wall Street's spokesman are pushing this as a positive event, which is what I expected to hear under my scenario.
The market is now positive so it took the revision news in stride and seems to taking the bait. The fact the market hasn't sold off is telling us something in itself.
We are positive and close to new highs. There are plenty of leading divergences in the 1-5 min 3C charts right now.
5 years ago
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