Another market canary in the coal mine has throw up a red flag today. That said, the Dow is once again trading at fresh record highs, just as is the S&P 500. This market looks more like a bubble with every day that passes. I suggest keeping tight stops!
Here is the headline today on Marketwatch:
This is the price of corn futures today. The price of corn and other food futures continue to rise sharply. Expect food inflation soon!
This doesn't make sense! If the economy is doing so well, why would central bankers need to artificially boost the markets and asset prices to bubble levels by more quantitative easing?
