Stocks Upward Bias, Golden Cross, Risk Rising
February 17, 2012 at 08:08 AM EST
Stocks continue to rally in the face of the ongoing Greek tragedy, while rating agencies downgrade sovereigns and warn the banks, and while Congress fiddles as Washington burns. What does the market know that others cannot see? Some bullets. 1. Liquidity-driven rallies are extraordinarily strong. The central banks of the world have increased their balance [...]