When I look at the market action today, this is what I think about:
I remember times when I have been fishing and sometimes the fish are so active that simply putting a hook in the water (without bait) has the fish biting…seriously
I also have been out when a fish actually jumps IN the boat… That is just nutty.
So, call me crazy, but I think that is what is happening today… There is so much bait in the water (stimulus) that we are seeing a mad rush in as the fish (sharks) are biting everything in a Frenzy to get in on the action.
Note: I am not making a market call, just an observation