Most of da playahs have no concept of the mechanics beneath the sentiment rally. "Just as long as my stocks are going up and my IRA is in recovery" say the playahs. Yeh, mom and pop dey be playahs cuz dey accept the conventional wisdom. Just as dey accepted it in March. Now dey hearin' a different tune. Everybody got da big ****s now. G5 baby.I was sitting in a Doctor's office this morning reading some foremost financial magazine (I forget which one) that was all about 'you can repair your IRA, contribute the maximum' and 'now is the time to get back into stocks'. Funny, what were the major financial media saying in March? What was one of NFTRH's criteria for becoming bullish then? Hmmm playah?
You know, if you're looking around the room and you can't figure who is da playah, chances are it's you. Or is that da played?
So, the 3 month t-bill still looks awful (actually, it is in demand, which is not bullish) and long term treasuries don't seem particularly frightened of inflation at the moment. The stock market has FINALLY risen above our bull marekt trigger point. Ah, but it's not that easy now is it playah?
Okay, I know. Enough with the playah thing. Talk about bludgeoning the readership to death. G5 baby!
