Thursday, October 4, 2012

Stock Market Volume Explodes

The Klinger Volume indicator is exploding the last couple of days. See the circled are in the lower panel of this chart. If the Fed is funneling money to the big banks, who are funneling those funds into their own stocks (financials) and commodities, then this is highly inflationary!

Is the Fed trying to manipulate stocks higher to get Obama reelected, or are private investors feeling more confident after Romney's performance in the debates last night. The fact that they are buying "materials, energies, and financials" is evidence of the first scenario!

Of course, with the jobs report tomorrow, anything could happen, but clearly, Wall St is anticipating good news tomorrow morning.