It's possible that the election will save the market from reality this October...
The last thing Washington wants is a down market just before a key Congressional election.
Likely the reality of 2007...with all the problems of bursting bubbles will be put off until after the election is over...
THE STREET AND WASHINGTON KNOW VERY WELL HOW TO GO NOWHERE FAST.
AND THE LAST MONTH BEFORE A KEY ELECTION IS NOT THE TIME TO TAKE CHANCES.
LOOK FOR LOTS OF HAPPY FACE RALLIES...WITH SHARP ONE DAY DECLINES...BASED ON EVENTS BY THE "EVIL DOERS"...NEVER ON THE FACTS OF THE US ECONOMY...
WE COULD BE TREADING WATER...OR EVEN HITTING NEW HIGHS...BUT ONLY FOR A WHILE AND ONLY IN THE RUN UP TO THE ELECTION...
BUT PER USUAL...HAPPY DAZE ARE QUEER AGAIN...
This is a market that can't really go up...but doesn't have the stomach to go down...which really means that the assets of the mega-rich are being "protected" from "deflation"...and on the Street and in Washington...THAT'S ALWAYS A GO THING.
