Wednesday, October 4, 2006

STOCKS OUT OF TOUCH WITH REALITY...

The news today is difficult...

The
Dollar is up "because" a FED official said inflation is too high...so rates will have to rise.

The
Bond Market is up "because" the data points all show a weak economy...

The Stock Market is up...? Because it likes to go up...? This type of "out-of-touch" trading always looks like there is a sucker trap being set up... Probably to be sprung just before the election...