HO, HO… Uh Oh? The Santa Claus Rally Is on Thin Ice Good day members, The stock market continues its march forward, boldly trudging through the thick economic slush. Santa Clause will come through to give this market some desperately needed legitimacy. Black Friday! Cyber Monday! Sales galore! Cheap oil! Tons of jobs! Corporate earnings are sure to rise! “Please consumers, hold this bag of goods” says the retailer. “Please investors, hold this bag of goods” says the stock market. Unfortunately, the bag of goods the stock market is selling us is full of lumps of coal. Santa Clause cannot save stocks this year. Low gasoline prices cannot save us from the upcoming market dip. This year, good old St. Nick is skipping his stop on Wall Street and heading straight to the zoo to deliver well deserved gifts to the bear population. Weak global growth (recession in many countries), printing presses creating more currency than ever before and the threat of rate increases on the horizon has the stock market incredibly tired, near exhaustion. It has, after all, been towing the line of recovery for years now. When the FED says interest rates will need to be raised soon, AND inflation is just not hitting target rates, investors should worry. It’s been the threat of inflation that’s kept the market afloat, inflation that has yet to come (at least up to the standards of the FED). ———- Just Released! Larry Levin’s Potentially the Most Profitable Trade Signal — FREE. Today, the legendary S&P pit trader …
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