Just Something To Think About As We Celebrate The First Glorious Anniversary Of The Information Purification Directives.
The equity market is clearly benefiting from a continuation of Frankenstein finance and with it all of the manipulations that go with it. So let’s look at a rather interesting dynamic that is taking place as the Dow makes post collapse highs today.
That is, only 9 of the 30 Dow stocks are actually making 52 week highs today. That means two thirds of the Dow is lagging the market. Just something to think about as the carnival barkers talk themselves to death. Even with endless free money from the Federal Reserve, this has been and remains a very sick market.
<< Home