[expat_panama]

First the news:

Nasdaq Follows Through, Finally Confirming Uptrend

 

05/27/2014 07:08 PM ET - The Nasdaq and S&P 500 gave bullish signals Tuesday, putting the market on a confirmed uptrend. The Nasdaq climbed 1.2% in higher volume. The gain was sufficiently large to make it a follow-through — a confirmation of a long-attempted rally started on April 15. It's unusual for a follow-through to hatch so late...

--and it seems we got this morning's futures consistant w/ our new direction.  Back to life in the fast lane.  fwiw, Mortgage Index today & GDP w/ claims tomorrow.  Other stories:

European Bonds Climb on ECB Bets; Belgian Yields Drop to Record 

Bloomberg - 2 hours ago  European bonds advanced, with Belgian 10-year (GSPG10YR) yields dropping to a record, as speculation the European Central Bank will introduce further stimulus next week boosted demand for fixed-income assets across the region.

Dividend-yielding stocks are paying off now Dividend stocks have been attracting investors for several years because of low yields on fixed-income instruments. Now, writes John Prestbo, their appeal is broadening as investors assume defensive postures, ... MarketWatch

Get Ready For the Subprime Mortgage Crack-Up 2.0 - Edward Pinto, RCM

We Need a Much More Boring Monetary Policy - Louis Woodhill, Forbes

[catfish1957]

All this exuberance is really starting to scare me. Tulips anyone?