Monday, February 24, 2014

Stocks Close At Yet Another New All-Time Record High

Wall St is now the new Faith In Fed religion. The bubble continues to build, and the Fed is doing nothing to alleviate the situation. So what else is new? But Babylon the Great shall fall -- again!

The Dow closed up another 100+ points again today, up about 1000 points in the pastt three weeks. Note that on this monthly chart, prices barely touched the exponential moving average before leaping skyward again. This bubble is the most advanced textbook case of a bubble I've seen in my trading career!