Wednesday, February 6, 2008

THE STREET SEEKS "HAPPY TALK" RALLY....

IT'S BITS AND PIECES BUT IT SHOULD BE GOOD ENOUGH...FOR A NICE "RALLY" TODAY.

SOME WILL BE "BUYING THE DIP"... BUT A ONE DAY DIP IS NOT A LONG TERM TREND.

THE ECONOMY HAS A LONG LONG WAY TO FALL... ANd MORE HAPPY TALK WON'T DO IT, IN THE LONG RUN...

THE LONG TERM MACRO ISSUES ARE STILL OUT THERE...AND FEW IF ANY SOLUTIONS ARE BEING PROPOSED...

WHEN YOU DON'T HAVE ANY REAL ANSWERS...HAPPY TALK IS THE BEST YOU CAN HOPE FOR.

RALLY ON!! TILL THE NEXT PLUNGE...

THE TEMPORARY AND ODDBALL RISE IN THE DOLLAR MAY CAP THE STOCK RALLY SINCE THAT WOULD ACTUALLY MAKE THE DOW "WORTH SOMETHING"...WHICH HAS NOT BEEN THE CASE RECENTLY...

SO THERE IS STILL A LOT OF PLUNGE PROTECTION FLOATING AROUND IN THE MARKETS THAT NEEDS TO BE REVERSED...BEFORE GRIM REALITY CAN SET IN AGAIN...

THE NEXT FEW DAZE COULD BE SIMPLE DISTRIBUTION ...WITH LITTLE ACTION ONE WAY OR ANOTHER.... ALWAYS SUBJECT OF COURSE TO "BIG NEWS" EVENTS...