Looking Toppy

Below is a screen shot from Bloomberg.com of just some of the many unintended consequences of QEII. Who wants to be a Turkish Millionaire?

 I believe the market will make a high early next week after which we will finally see a correction that lasts more than a day. There is the possibility that expiration holds the market up and that a correction will need to wait until after expiration. Even in that case I think the market will not make progress in the latter part of the week. Have a great weekend.

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