Monday, May 2, 2016
I love this...some NYSE trader says "we won't see new all-time highs anytime soon." Bet against him! Flows are strong!!
You gotta bet against this guy. His view is based on what? Looking at charts? Market "action" whatever that means?
My view is based on the ONE THING that definitely CAN power this market to all-time highs, and SOON, for that matter and that is fiscal flows. They're really starting to ramp up now.
Bet against the pessimists.
And, oh yeah, for all you deficit watchers...the deficit is rising.