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Why the US Federal Reserve Is Creating A New Narrative

from Daily Reckoning.com:

If you haven’t already done so, make sure you sign up for Kris Sayce’s latest project. For a start, it’s free…it will only cost you your time and consideration. Second, the idea that Kris is talking about is potentially very lucrative. It’s a ‘megatrend’…one for the super fund or the proverbial bottom drawer. To find out more, click here.

The general consensus is that stocks (doesn’t matter which ones, pick anything) are in a megatrend too. The Dow breached 17,000 points overnight, which is neither here nor there, but the media loves it. They’ll soon latch onto the significance of the S&P 500 crossing 2,000 points. That’s a mere 15 points, or one or two trading sessions, away.

But can’t stocks go down? Not anymore by the look of things. And certainly not according to this article, which boldly claims that ‘the SPY (S&P500) is NOT extended and may NEVER pull back’. Gee, you better get in and buy then…

Read More @ DailyReckoning.com.au

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