While it was certainly a profitable day for me as a speculator, I found it far more interesting as a student of the markets. The catalyst for this particular surge as well as the extensive commentary on CNBC about how long it had been since we’d last seen a similar rally led me to ...
Complacency is so crazy now that most of the analysts and elite money managers on CNBC are saying they expect no selloff greater than2% or 3%before new buying floods in to erase it. That is exactly what we’ve seen in the past 6 months, and they don’t expect this trend to change. ...