Since my return from holiday, I have been scratching my head wondering why the market (in this case the S&P) has moved so high for little or no reason. The economy still appears to be very much on the defensive with unemployment rising and the business environment still on a slippery slope.
I made this video before the stress test was announced and I suspect that all of the stress test leaks have already being discounted by the market.
Video link on next page ...
My new video is a follow-up from my April 14th video that I made before I left for New Zealand. If you have a few minutes, please take the time to view it. I think you will find it interesting that my observations may conflict with current market trend.
With the Obama honeymoon coming to an end, we are going to see how the markets move without government influence. There has never been a government that was able to dodge a major business cycle... and this one sure is a doozy.
As always, the videos are available with our compliments. There is not registration required.
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All the best,