Nice market rally today but will it hold? The ETF-Cashinator is showing extreme xolitility with only 14 days till March expiry and it could go either way. There has been so much relentless negative pessimism that I have started to walk away from the edge of the cliff; following the herd over the cliff is never a good idea BUT anything can happen. The market may continue to climb through March but the really worrying thing is energy inflation spiking to absurd levels. Why is oil at $80/barrel again when demand is down? What does that mean if the economy is starting to take off, oil at $300 per barrel?
Here’s the google link.
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