I'll kick it off with a 'must watch' video. These are the same type of people who are doing all the talking right now. It can be shown over and over how wrong all these people are, analysts, politicians, central bankers, bloggers, all of them (I've seen videos showing what Greenspan and Bern-Qwacke have said, and they were so wrong over and over it was just crazy, and they are/were in charge of it all! And Old Yeller, she said she basically missed everything that has happened, and now she's going to be in charge!). Their track records are abysmal. Yet they make tens, hundreds of millions, are completely and utterly respected, and they get endless TV time. It is, perhaps, the thing that makes the least sense of everything I have ever seen in my entire life. Yet it is so, and I think will always be so.

http://slopeofhope.com/2013/12/a-sobering-look-behind-and-ahead.html

I never thought I'd post that filthy, disgusting, anti-American pig's picture in here.

Next leg coming?

And here it is.

Is it shooting for the 50+? I think so. That would get the contract high, and the SPY all-time high.

I can't make any common sense out of why the market is rallying on news it will have less money thrown at it to run it up.

Unless we get a reversal tomorrow, which I can't imagine, this looks like the start of a blow off move into Jan. I can easily envision that 2000 after all by Jan. Will that end it? I doubt it. I think maybe a 5% pullback, then up to 3400. We'll see.

SPY a few cents away from the new all-time high.

ES H4 a point and change from the contract high.

Z contract two points and change. Let's do it.

6.50 points from 50 points off the low. That 15-min chart looks surreal.

Originally posted by jimkane

I know everyone is gone, but just one more comment. These guys are just too funny. They gun it up in the short Friday after regular futures close session, and take out the HOD by one tick. Same old, same old. Like I said, it doesn't matter how much they made it look like it could roll over, it was pretty likely, I felt, that they would follow the same pattern they keep following. Another new all-time high, closing essentially at the high. Nothing ever changes with these maniacs, and until the system completely implodes (something I'm starting to think won't happen until long after I'm gone), I can't see it changing.

Jim,

Thank you for your great commentary!

Al Kamego