Today's "rally," if it makes it to 4PM, is one of the lamest in a market populated by lame brains.
Retail Sales; Saturday down a whopping 7%!
Dollar; still down today!
Iraq; still sucking up money! Feed Me! Feed Me!
The Kongress; now both korrupt, and newly assertive! What's Senator Porkie up to? What's left to loot? Maybe steal the Fed's printing presses?
Foreigners; horrified by the coming "four more years" of Dubya & Friends.
Trade Deficit; Huh....? We don't talk about that much in the major media.
Punk Jobs; which everyone knows AIN'T COMIN BACK!
So why the rally?
Well, oil, still high, was down a small tad. But, Is the early Dow going to trade off of Euroland's morning oil price everyday now?
And, best yet, there is "money on the sidelines" that doesn't want to "miss the market!"
Oh Pleaseeee.......miss what? The next sell off?
BUT, I GUESS ALL MONEY MANAGERS ARE "MARKET TIMERS" IN THIS DISMAL ECONOMY! EVERYONE WANTS TO "FIND A DIME" ON THE STREET NOWADAYS. PRETTY SLIM PICKENS IF YOU ASK ME.....
Paddling with one oar makes for a STRANGE MARKET. Kinda, well, "circular," ya think?
YOUR RETIREMENT DOLLARS "AT WORK" FOLKS!
