Dislikedi think even as little as the concessions over increased tax rates and avoiding a government shutdown via raising debt ceiling will be seen as VERY bullish. everything wants to rally. it just needs a little catalyst and a lack of catastrophic news to make it happen. the risk on effect should be pretty pronounced. of course, everything might fall apart insteadIgnored
Either: Risk-on/Risk-off trade and associated correlations are broken.
Or: A reversal (or at least a major correction) is due as everyone and their dog starts chasing the trend.
http://cdn.onedirt.com/files/2010/04/dog-racing.jpg
Those who say it cannot be done should not interrupt those who are doing it