Mayday's Account Talk

I'll be on the road tomorrow and I won't have a chance to trade before noon unless I trade before I hit the hay.
My thoughts are running towards all in before Friday because thats when automatic distributions to IRA's are payed into the market on payday.
 
I'll be on the road tomorrow and I won't have a chance to trade before noon unless I trade before I hit the hay.
My thoughts are running towards all in before Friday because thats when automatic distributions to IRA's are payed into the market on payday.

I'll be keeping an eye on futures tonight.

Futures
 
A money manager on CNBC was saying this morning that when the VIX gets to 12.50 that everyone will pile into the market. That does make me nervous and perks up my antenna but no need to be rash just yet. When breadth weakens, but stocks continue to rise, that is a warning sign - so far there are no divergences. Will it be a go away in May or will the bull continue to stampede through the summer. If the bond money starts to dump we are going a lot higher.
 
Reports this morning on CNBC said the funds in bonds were being withdrawn in large amounts but not yet placed in equities.
 
The reallocation play from bonds to stocks can literally take years since the bond market is 10 times larger than the stock market. I say bring it. Birinyi recently said to look for the SPX to reach 2854 by September 2013 - that sounds about right. We are on a freight train of accelerating asset prices - time to stay long and strong.
 
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