I like Karen Finerman on Fast Money. She is sort of an old fashioned, fundamental investor and is very low key. Today, she said something very interesting that stuck with me: that the market moved up too fast, and it's behavior suggested fear (of not being in the market.) As traders, we know this is not good.
If she is right...and the market is too expensive, we may see the Dollar make the move up that I have been calling for for the past few days.
It will be interesting to see if the Eur/US starts to sell off tonight, ahead of the ECB get together this week. We must remember that Europe (like New Zealand) has not started quantitative easing yet, even though many think it will occur.
Are These Stocks Naughty or Nice?
6 years ago
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