Holy Moly Batman. Market Rocket blasts off!

Posted on Mar 01, 2017 by in Letters

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

Imagine waking up and discovering you are 1.3% richer in one day before breakfast.  303 points in the Dow, 32 points in the SPX -- how much of this is due to Trump and how much to the technical structure of the market.  Of course there is no way to know definitively--that is the nature of the market.  Some of the jungle drums are attributing  today's rocket to paniced short covering.  A very likely hypothesis.  Anyway unless you were already long you would have been chasing the train down the tracks

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