Loading ...There has been no fundamentatel chance in the equity market the last 3 months. The first 3 month rally from March on was a short squeeze / second derivative getting better rally / no mark to market rally. The months following that rally however have been purely driving by low rates / lack of sellers / no where to invest. For millions on unemployed Americans, this feels like a Great Depression. Some have been out of work for years and unemployment is still rising. The irony is that everyone is printing money in all currencies, so while the purchasing power of the middle class decreases; price pressures are starting to increase. Nothing is more evident of this than Gold trading at 1200 per ounce. Although this may seem like a lot, as long as nothing changes, gold will head higher…much much higher.
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