As much as I’ve distrusted the stock market’s presumptive bear rally every inch of the way, the charts of two bellwethers, AAPL and AMZN, look too bullish at the moment to assume the sky is about to fall. AAPL in particular has been unstoppable and looks like it could hit a $212 target 12% above current levels. I am wary of getting sucked into a bear rally whose sole purpose is to suck in skeptics like me. But the bullish case must be respected, especially since, as we know, the stock market’s strength these days has no connection to a global economy that has weakened dramatically in recent months. Perceptions are everything, and the universal perception at the moment is that global easing is about to be stoked like crazy.
AAPL, AMZN Warning Bears to Back Away
- April 1, 2019, 9:08 am
The 2.694 level in the 30 year yield is ‘major crisis’ expecting anything out of equity pricing is all but mere wishing thinking for ‘anything’.
The greatest disaster America has even seen is in place, 1.25 million cows dead from to be soon known in history as the ‘great flood’.
The disaster is so unreal event that a ‘blackout of the main street media’ has been elected.
Barbecue time with have rising steak prices 3x what the are now. Milk, corn,soy, wheat damage is unreal.
Just like in the bible.
30 year contract to rice t new all time highs.
Have a great day Rick.