The Euro is in a position similar to the one in the Pound.
JI
jimkane
Rep: 3,058
Posts: 33,089
I just realized, the all-time ES high was 92.50 and this hit 92.75, setting a new all-time high, right after 12:00. Duh. Anyway, another new all-time high coming any second, I think.
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyway, a completely predictable day going off exactly as they scripted it, in my opinion. Non-stop rise since the Friday into the close pop, getting the new all-time highs, as well as futures closing on or near a new high tick and additional new all-time high.
JI
jimkane
Rep: 3,058
Posts: 33,089
The big question for me is is this triggering a big upside explosion that takes it to say that 2000 area next?
JI
jimkane
Rep: 3,058
Posts: 33,089
And there's another new all-time high. The die appears to be cast. Boo-yah, skidaddy.
JI
jimkane
Rep: 3,058
Posts: 33,089
This may be quite a long ride. Now we play the same game as always. Will they run it up another hard leg right from here, or bring it in for better prices and then go, perhaps with an opening bell jackrabbit pop. It doesn't really matter, anything more from here is gravy on an already fantastic move, but this one may have gravy on the gravy, who knows.
JI
jimkane
Rep: 3,058
Posts: 33,089
Scary, scary stuff to think the Fed isn't actually tapering at all, as the markets hit new all-time highs and the pundits call for a sharp rise in wages this year because the economy is doing so well (oh, yeah, the pundits said way back if wages start to rise inflation will go parabolic (I agree 1,000%), I guess they aren't too concerned about that with all their rah-rah cheerleading).
http://www.paulcraigroberts.org/2014/05/12/fed-great-deceiver-paul-craig-roberts/
http://www.paulcraigroberts.org/2014/05/12/fed-great-deceiver-paul-craig-roberts/
