Loading ...By: Great Iota
That was a great week for the bulls. Everyone expected a pullback but stocks kept pushing higher. Each day that started with a slight correction ended on a positive note. My got tells me that Goldman is pushing prices higher and higher. After the July 15 change, they no longer have to disclose to the public if they are accumulating shares or selling them. If its going up, this means that they are accumulating. The question now should be for how long they are going to be buyers?
Not even Goldman Sachs wants to over pay for stocks after a certain point. Evalations are no longer attractive because of the weak economic outlook. So I’m expecting a reversal on a day of high volume. Everyone believes that market has gotten ahead of itself and it is time for a correction. The double edge sword is still in place. With every sign of a economic recovery rates and commodities both go up in value and the dollar down. This trend has got to come to an end if we Americans don’t want to lose our purchasing power.
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