Stock Market: Massive Breadth Thrust
Stock-Markets / Stock Markets 2016 Jun 30, 2016 - 12:15 PM GMTBy: Gary_Savage
Two 90% up volume days in a row. Historically that kind of breadth thrust has generated yearly returns of 20% or better. The perma bears just got kicked in the teeth again. This kind of massive breadth thrust is similar to what we saw out of the February bottom, and typical of a market moving out of a multi-year cycle low.
Folks, when are you going to finally quit listening to perma bears who clearly don’t have a clue what’s happening? How many times must I repeat myself?
All markets are going up together, and all markets have completed multi-year cycle lows. Central bank printing presses are just too powerful. That fundamental overwhelms all other fundamentals.
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Gary Savage
The Smart Money Tracker
Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.
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