Today's market rally was one of the "pop and freeze" sort, which means you could buy it, but, alas, you couldn't participate in it......because it was all over by 9:45AM!
Call it a Zombie Rally from the Land of the Undead....or maybe a Short Covering Squeeze Play, with a little help from the Market Masters? Or perhaps blame the ever popular "technical factors?" Or possibly the G-Man called out "Plunge Protection!" It's been dismal enough for a little action by the Fed and it's Shills.
In any event, no one is claiming to have had an "Hosanna Moment" today nevertheless.
All the "bad stuff" is still there, and it's just as bad or "badder" than it was yesterday.
So, while this market is hanging around like a 90 year old with money: the trend is surely down.
Dow 10000 will not go down without a fight though....but still, like the 90 year old with money---it will go down....., eventually.
EVEN A BLIND SQUIRREL FINDS A NUT EVERY SO OFTEN.
Today is just another good opportunity to short the DIA and the SPY.....perhaps the market masters can levitate the averages until the traditional SUCKER FLUSH-- after April 15th.....or perhaps not.
But, If Winter comes, can the Spring Sucker Flush be far behind?
And I surely won't plunk fresh money into the game, before the Iraqi Elections are done, on the 30th of January.
A lot of things can happen in Iraq this week, but most of them are bad for the markets.
