Maybe so, however there's too many headwinds that can act like air pockets right now, the Italian and Spanish bank liquidity issues, interest rate shock
adjustments to derivatives, forex moves and higher USD that will show slowing earnings coming from international markets of the USA's MNCs.
They're probably being ignored at the moment. LOL!
Our banks are tied in to these derivative trades on a world stage. Wonder who's the fst one to yell "Uncle" and collapse, my guess is symbol - DB
One more Fed rate hike and it's time to run for cover as the fireworks may just be starting!