Indices Rocketed UP 3.38% to 3.47% on Central Bank initiative.....NICE !!!

Today indices are UP 3.38% to 3.47% based on many positive developments around the world.

First, China is trying to stimulate its economy by reducing bank reserve requirement by .5%. This is the first reversal in two years.

Second, world Central banks are creating liquidity to the global financial system.

Third, ADP Jobs data was showing strength in Job creation.

Fourth, Chicago manufacturing activity is UP again.

Fifth, housing data is also showing pulse....

All of the above, is creating the biggest short squeeze which i was hoping for.

Our know it all Guru Jimmy the Cramer is calling the above moves as foolish, his short plus sell, sell, sell strategy is making him a "laughing stock of CNBC".......a guru who does NOT follow TAPE but tries to tell TAPE what to do...NEVER works


Gold UP $31.90

Oil UP 81 cents

Canadian $ UP 1.02 cent  @ 98.09

VIX Down 7.87% @ 28.23

In my portfolio :

Bought SNDK @ $47.85

Bought M @ $31.75

Portfolio is BIDU,CNQ,CLF,COH,LVS,LULU,M,PCLN,RVBD,SNDK,AUY...

This is the highest market exposure in last 5 years.

Most stocks are UP

BLOG does NOT give buy or sell.

Saleem