The SP500 Will Be Higher Soon, Risk On vs Risk Off Cycle Says Here We Go!

Posted by ReadTheTicker

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The bad news hitting the tape has not forced the SP500 to crack, buy the dip folks are very pleased. 

Bad news

 

  • Oil crash, increased risk of debt accidents
  • Swiss peg break to the Euro, funds blowing up
  • US retail sales, fundamentals dont matter any more

 

The ECB is buying more stuff, the game of musical chairs moves on FED to BOJ to ECB. A Citi bank analyst has stated that world wide markets need $200 to $250 billion a quarter to ‘NOT CRASH’, so far the order has been met.

This cycle continues to work and should show a risk on market by the end of Jan 2015.

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Investing Quote…

“Tape reading is rapid-fire horse sense…The Tape Reader aims to make deductions from each succeeding transaction — every shift of the market kaleidoscope; to grasp a new situation, force it lightning-like through the weighing machine of the brain and to reach a decision which will be acted upon with coolness and precision”~ Richard D Wyckoff

“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.” ~ Paul Samuelson