With the Dow Transports leading the way (now up for the 10th of the last 11 days and 9.7% off its debt-ceiling-debacle lows), US equity markets are engorged on the euphoria of this “can’t lose” scenario that offers free lunches (and ponies) for everyone. On the heels of SocGen’s call (eerily reminiscent of Schiff’s and Faber’s prophecy of rising QE no matter what), it’s 315pm, have you greatly rotated your money on the sidelines to BTFATH yet?
Nope nothing ridiculous about this at all…
Sure why wouldn’t you be BTFATHing… After-all earnings are ‘great’ right?… right?
(h/t @Not_Jim_Cramer )
Charts: Bloomberg
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/2C69lX2Tbnk/story01.htm Tyler Durden