Can the markets muster a "happy talk rally?" Well, perhaps for one day....but the long term trend is down, and down substantially. This is a traders market, not an investors market. Investors should stick with cash, commodity plays, and the Euro....
Nothing has changed in the American markets...everyone still has the bubble mentality. No one thinks that anything bad can happen...."they" won't allow it..... Well maybe. But the numbers are all bad at the macro level. And the few CEOs doing the happy talk are the usual suspects....who missed out on doing the "perp walk" the first time around...
Dow 8000 by the Fourth of July....? Very possible.
