After a couple scary days based on the assumption that the next 2008-style credit collapse was upon us, stocks have pulled a U-turn. And don’t look now fans, but the S&P 500 sits at fresh all-time high as I type. Nice.
So much for the new credit crisis. So much for the correction the bears have been clamoring for. And the demise of the AI secular growth theme. And the momentum play. And the bull cycle. Yada, yada.
After briefly (as in one afternoon) flirting with its 50-day moving average, the venerable S&P finds itself at new highs. As such, I fielded several questions late last week asking simply, why?
As someone who spends a healthy portion of each trading day trying to identify the
Are We Clear Now That the Bulls Still Run the Show?
