SP 500 patience

Posted: June 10, 2014 in Uncategorized
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SP 500 keeps doing new max and I keep saying “doom and gloom” things.

In reality it is more that there so many things in this market that do not make any sense …so it is better to stay out of it.

We enjoyed a shadow rally since 2009, why waste everything for a few dollars more.

Even a study from Goldman Sachs says that all institutional buyers “went home”.

So who is buying? Hot Money (millisecond computer traders), the Federal Reserve and company Buy Backs and “private income at any cost chasers”.

Deustche Bank advised its client that we left the complacency stage and entered the euphoria stage.If you do not believe me look at the graph of the volume. There is none!

Capture volumes

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