OK, not taking into consideration “all the positive signs of the world economic recovery”, what is the reason why the stocks market keeps going up. The answer is VALUATION.
Check out the EUR/USD charts, check out the latest spike in GOLD prices. So, as long as the USD is trashed and GOLD is in all time hights, there will not be any reversal soon.
As I have mentioned before, we are going to 1050-1075 at least in GOLD and 1,50 in EUR/USD.
