Can you think of a more bullish combination than a bunch of angry people and indexes all over the world making new all time highs?
This is what’s going on right now. And I think it’s fantastic.
It’s been a quiet last few days here at Allstarcharts.com as I’ve been meeting with the team and working on some really exciting new projects. I got together with Willie, Strazza, Peter, Danny, Jean Carlo and Matt this week, and we got a lot more accomplished than I would have imagined.
Anyway, I didn’t completely fall off the grid, although I kind of tried to. Most of our conversations still revolved around the market, sentiment, breadth, rotation and the Intermarket relationships. I mean, even over dinner! We just couldn’t help ourselves.
I’m seeing stocks making new all-time highs, but the questions I get from journalists is how it’s possible?
How it’s possible? They’re in uptrends. There’s more demand for stocks than there is supply of them. That’s not my opinion. That’s just a fact. There may not be as much demand for stocks in your household, but that’s your problem. Not ours…. [Read more…]