Stocks are acting quite well in the face of an overbought condition and with traders in a holiday mood. That being an eggnog hangover and a chocolate induced coma. It looks like we have everything we need. A promise from the fed to keep stimulating and maintain low rates, better economic news and best of all an unbelieving public. The rally is not going to end until the majority of individual investors become bullish, and that is clearly not the case today.
Regards – Keith Springer