The markets seem terribly confused...but that is to be expected when investors are using the WIRE SERVICES to make their bets....
Clearly there are some ROCKS TO STAND ON in this confusion and babble...
INTEREST RATES ARE GOING UP...AND BONDS ARE GOING DOWN BECAUSE OF IT.
THE DEBT AND DEFICITS ARE A MONTHLY NEWS STORY THAT SOBERS EVERYONE UP, ALBEIT TEMPORARILY.
CHINA AND INDIA ARE TAKING US JOBS AND THOSE JOBS ARE NOT "COMING BACK." HINT: THE LABOR NUMBER IS OUT ON FRIDAY. FYI.
GREENSPAN'S HYPER-LIQUIDITY EXPERIMENT IS OVER...AND IT WAS A FAILURE. IT DID NOT "RESCUE THE BUBBLE" BUT IT DID TRASH THE DOLLAR...AND THAT IS MAINLY WHY OIL IS HIGH....BUT THE "NEW MIDDLE CLASS" IN CHINA AND INDIA HELPED A LITTLE.
THE MARKET MASTERS WILL FIGHT TO MAINTAIN DOW 10,000....THEY ALWAYS HAVE. BUT BECAUSE OF ALL OF THE ABOVE....THIS MARKET SHOULD BE GOING TO DOW 8000 BEFORE LABOR DAY.
Now, that said....I have no idea which CEO CFO or Wall Street Tout will spike or crash the market with their "comments."
THE AMERICAN LOVE AFFAIR FOR FLUFF NEWS SEEMS TO HAVE INVADED THE INVESTMENT COMMUNITY.....
