Loading ...That’s what I was talking about last week. We are short-term overbought here and the volume divergence(s) are troubling, with the GDX pictured below (from last week but still valid):
Some of the moves today appear irrational and slaphappy — signs of exuberance — especially considering the bankers are still not sharing much of the bailout money with the public (which is deflationary) — just like the last time around (because they know what would happen).
Cheers