To the BBC, Yeah! Yeah! Yeah! BBC 1!

World market looking good


Do you see a cup and handle too?

Here's another obscure indicator, the BBC Global 30. It's the only real-time, 24-hour global index around, I think. I believe that the Dow Jones Global Titan/SP Global Indexes are not widely available on a 24-hour basis. As index construction goes, the BBC Global 30 is a pretty good index, unlike the SPX and its negatives. Notice how as a planet, the market is finishing at its high. Perhaps the world is finally working off the excesses of 2000-02.?!?

Once again, there are a lot of negatives in the US: deficits, debt, bubbles and the apocalypse is nigh. But I see a cup and handle and a wall of worry that needs to be climbed, nevertheless expect to be wrong.