Today, I saw this tweet:

“……the whole market rally is running on the back of free fed money and tweaked numbers…..”

My simple response:  SO WHAT!!!!!!!!!!!!  I believe permabears are adding to the foreclosure numbers.  The fed has basically begged you to take RISK for the past nine months.  It’s a jobless recovery on the back of free FED money.  I say thank you FED, and keep it going.

Is this rally going to end badly someday?  OF COURSE IT IS.  You cannot have a melt down in the US dollar like this and have a smooth landing.  It’s going to be bumpy.  Grab your oxygen tank and even a life raft.   Bears continue to fight the trend, I find it laughable the arguments myself.

At this point, this market is not going to change until the economic numbers turn ABSOLUTELY GREAT.  Say what?  Yep, you read that right.  The better the economic numbers next year, the more the market will sell off.   It will be a sign for the FED to start to raise rates again.  People won’t understand this at first, it will be perplexing. 

For the next few weeks and likely rest of the year, let the retail investor get sucked into the market like sheep to a slaughterhouse.   Retail is finally joining the party in force, so you know next year will not be as easy as this year was. 

Welsh