Another record set last week - back-to-back new highs in all four major stock markets - something that has not happened since....December 31, 1999 " A Year That Will Go Down..."
Another sodden fact: from Jason Trennert on Wealthtrack - 50% of the national Debt, which is now HUGE, will rollover within three years, just as rates are starting to rise!!
There has never been a year after a two-term President that a Recession has NOT occurred.
Sentiment Indicators are all Bullish, but getting extended - Breadth and Sentiment.
The Trend is your Friend Until it Bends at the End!!
Here are the Sentiment numbers:
|New Hi's/Low's||Nasdaq h/l||628/84||680/135|
|US equity -ICI||Fund Flows||WeekLate||23.2B|
|MMF flows||Change in $B||18.8B||3.3B|
|MargDebt- top (300M)||monthly||501B|
|10-yr Tsy yield||hi= stock buying||2.36%||2.36%|
|2-yr Tsy Yield: Inflation||1.12%||1.07%|
With record numbers of dollars coming out of Money Market Funds, mostly into the crowded trade of short term bonds, anyone who has a minimal knowledge of covered call options and/or an interest in hedging stock market exposure might want to check out: brentleonard.com for an alternative strategy that is low-risk as well as highly rewarding. For those of you wanting more details and actual trading results, a new book is available for $14.95 at Amazon.com: Zero (IN)Tolerance
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