The Bulls are snorting

The up moves in global market continues unabated.

It has really paid to be long international funds and commodity stocks.

Today I was checking the new high list and it was filled with new names.

The huge move up yesterday in the US Markets was really something. I was talking to my friend Cole who manages the Blackstar Equity (long-term stock trend following) who said that yesterday’s up 2.95 percent move in the portfolio was the largest since 1991 – the day after the US went into IRAQ. That is a big move for a widely diversified stock fund.

Not many people are expecting the market to move up strongly with rising rates, and booming commodity prices. Times like this make trend following look good. I know from bitter experience, it never lasts. Too bad.