11 November 2009
It's Wednesday it must be Bullish
Liquidity driving US stocks higher and the lightest ones the furtherest as financials, homebuilders and various other detritus of the last boom enjoys a day in the sun. Which we don't have much of here in NYC today. VMO 82 PMO 68 Beta 118 bullish. The liquidity is there for a move higher. Not much conviction in the sectors though. My advice: do not fight the tape or argue with your wife at parent-teacher day.