An Optimist’s View of the Bull Market
We’ve delved into the reasons why the markets continue trending higher. Look at the Fed injecting trillions of dollars into the economy. Or consider the debt that the government, companies and individuals are taking on. All of that cash has to go somewhere… and low interest rates mean that stocks offer the best returns. So it hardly seems like the bull market is being built on a solid foundation. For now, though, your best bet is to dance to the tune that the devil is playing. And during the Six Predictions Summit, Alan Knuckman — our resident technical analyst — offered his views on what’s next on Old Scratch’s playlist.