Saturday, March 27, 2010

Saturday Rock Blog: The Road Goes on Forever and the Party Never Ends

IWM, three year, weekly:
BIDU, one and a half year, weekly:
This party is going to end and the the come down off of the fed's drugs is going to make 2008 look like a walk in the park on a sunny Spring morning. Calling the top within a weeks or even months is nearly impossible since this whole rally is just a fed fueled orgy of free money, the only people who know when the drugs will run out are Bernanke and his buddies. By the look of the charts though, it is hard to believe they can keep the party going much longer but they may be shooting for the mid term elections in November. Good luck! I still have a mix of long dated puts and calls on various individual stocks and ETFs.

Disclosure: I have no position in IWM or BIDU but I'd like to be short both after the top.

1 comment:

Chintan said...

I am leaving 4 europe tonight.I will upload lotta pics on Facebook when I come back.Dont forget to see them.