Japan GDP was almost "double of consensus"which set the futures green last night....today retail sales with strong autos lit the fire in the market further...David Rosenberg bearish thesis is based on poor car sales.... only 9 million units to be sold..I am sure he is dying to explain strong car sales on CNBC.....watch him "sweat"....
So all this cheery "economic" news is sending DOW,S&P,NASDAQ all into new 09 HIGHS...I am sure Doug Kass is NOT accusing market of whistling by the graveyard.... Market is laughing all the way to the bank....???
Gold UP $18.10
Oil UP $2.68
Canadian $ UP 42 tick to 95.62 cents US for 1 CAD......
In my portfolio :
Added 50% more POT @ $103.43
Portfolio is AUY,CSIQ,EXPE,GNK,MRVL,POT,TSL......
AUY & TSL went to new 09 HIGHS.....
Most stocks are UP....
BLOG does NOT give buy or sell.
Saleem
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