We have some momentum back in the markets. Fundamentels haven't changed so I see a good chance in moving to new Highs. But it is possible that we see a sligth correction before the break of the high.
fundamentals have changed because of interest rates rising, america is going into a inflationary cycle with no wage growth... no more stock buy backs. this is a market top.
TraderCarsten
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@thesilverbullet, but certainly not in shortterm the interest rates need to be much higher until this will effect operational cash flow in companies
SimonPhillips
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No where near a market top, interest rates rising are good for the banking sector and the economy.
thesilverbullet
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@SimonPhillips, even JP morgan is saying bear market for 2-3 years... what you guys smoking?
SimonPhillips
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@thesilverbullet, based on what JPM were saying about the economy in 2007 that warms my heart
TraderCarsten
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@SimonPhillips, Yes, when JPM or GS says its gonna be a bear market, your doing good doing the opposite. Why should they even share there real research with other people for free, how are they getting an edge?
SimonPhillips
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@TraderCarsten, Yeah watch what they do not what they say