Nail in the Coffin

Today is the nail in the coffin for any shorts, doubters, and general miscreants that would bet against One World Capitalism in the 21st Century.

I’m firmly convinced that there are few speculative shorts left in any of the major indices as they were stopped at $SPX 1265 and have covered any and every reload since. The only short interest out there are simply protective hedges designed to prevent a disaster that can never occur while we “pump up the jam”.

Sure, this rally is very long in the tooth. It started on December 19, 2011, the day the Euro-Ponzi became official and has added 120 SPX points. We’ve had the best January in 25 years and it won’t stop on the first day of a new month. In fact, it’s accelerating.

As in each year since 2009, markets will rally into the April 15 deadline of getting your 401k/IRA money into the marketplace. The odd-lotter must pay up for it is the American way.

And for those of you thinking the housing market is bouncing; houses here in the Northern New Jersey suburbs have just dropped about 10% in price since the beginning of the 4th qtr. of last year, just like in the previous three years.

So enjoy the Green Shoots, the Euro-Ponzi, the Chinese Pump, the Hope for QE3, the Machine Momentum and the Greater Fool Theory. Forget about everything else and don’t worry. I officially have. And you know what that means.

I’ve said this phase ends with a big volume thrust higher. You’re witnessing it as we speak. Nobody should bet against the Money Train.