Finally a true counter trend rally. Longs should not get married to their idea that this is a bull market.
When Japan started QE they had a surplus, the individual had savings and had been saving for years. The U.S. on the other hand has none of those. The Nikkei rallied 19% when QE was announced then proceeded to lose value for the next 3 years, its ominous how things are acting in the U.S. at the moment.
I will post the top of this rally within a week or two when it happens.
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Thursday, 2 April 2009
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