By Chris Becker
It’s this last stage in a blowoff where detailed technical analysis is almost not necessary, as anyone with a ruler and damp finger stuck in the air can sense the bulls are running rampant. What becomes more interesting is looking for divergences between this megatrend and the outliers, of which Australian stocks as the runt of Asia may be the headliner.
The real moves are happening in the biggest market in the world – bonds. While technically not yet in a bear market, all the signs are there that a large reversal is underway, and its this seismic shift that bears (sic) watching not just continued record highs on the Dow.