Global Capital Reserves: Al Erian: This Stock Rally Is a Sugar High

Wednesday, August 26, 2009

Al Erian: This Stock Rally Is a Sugar High

PIMCO CEO Mohamad Al Erian said this morning that this stock market rally is on a sugar high, ginned up by artificial monetary stimulus. He predicts that stocks will eventually come of the high. This is interesting, because despite a very positive headline for durable goods orders this morning, stocks didn't rally. Have we priced in too much good news?

Recommended Book List

Analyse Technique et Volatilite (english version here)- Philippe Cahen
Analyse Technique et Volatilite - Philippe Cahen
Bollinger on Bollinger Bands - John Bollinger
Candlesticks Explained - Martin Pring
Creature from Jekyll Island, The - G. Edward Griffin
Creature from Jekyll Island, The - G. Edward Griffin
Disciplined Trader, The: Developing Winning Attitudes - Mark Douglas
Dynamic Technical Analysis - Philippe Cahen
Enclyclopedia of Technical Market Indicators, The - Robert Colby
High Probability Trading - Marcel Link
Phantom's Gift
Psychology of Risk, The - Ari Kiev
The Ascent of Money - Niall Ferguson
Trading in the Zone - Ari Kiev
Trading in the Zone - Mark Douglas
Trading to Win - Ari Kiev

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Wednesday, August 26, 2009

Al Erian: This Stock Rally Is a Sugar High

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