Wednesday, November 25, 2009

Watching the grass grow

While I've been expecting that this rally should last until the year-end  I didn't think it would get so boring. I definitely prefer the tops of bull markets, with their spikes as early bears get squeezed.
Nasdaq Composite goes nowhere since 2 months already.

















Hopefully, there is DOW, the big caps are still desired.



And if you think we gonna break out on the upside, look at the high beta small caps Russel 2000:



And some of not so old leaders,
Homebuilders:



And Semiconductor Companies:


 Ok, ok, I know, the real story is about Gold. There is a lot of action. People are scared by coming hyperinflation and are buying gold as if there is no tomorrow. Personally, I'm far from being sure , most of them really understand why they need gold, but it continues to be the game du jour until it's no more.

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