THE MARKETS WILL PING-PONG BETWEEN 13,000 AND 14,000 ON THE DOW ALL SUMMER...
PLENTY OF ACTION FOR THE TRADERS AND DAYTRADERS...BUT THE AVERAGE INVESTOR WILL EITHER BE DOWN..OR OUT FOR THE COMMISSIONS ON THE EXPECTED CHURNING...MOM AND POP ALWAYS BUY THE BLIP AND SELL THE DIP...FOR A NICE LOSS EVERY TIME.
OIL WILL CONTINUE UP ALMOST INDEFINITELY...
THE STREET IS PLAYING OF GAME OF THE STRAW THAT BREAKS THE CAMELS BACK WITH THE AMERICAN CONSUMER...
BUT IN THIS HYPER-LIQUIDITY ENVIRONMENT...EVEN A PUNK CONSUMER WILL NOT STOP THE ADVANCE OF ASSET PRICES...
ALL WITHIN THE TRADING RANGE... EVEN A MARCO ECONOMIC MORON LIKE BERNANKE KNOWS YOU CAN'T LET ORDINARY PEOPLE WALK AWAY WITH ANY CASH FROM THIS MARKET...
BUT LIKE MOST CASINO PLAYERS MOM AND POP PLAY TILL THEY LOSE IT ALL...
IT'S AMAZINGLY HOW LITTLE CREDIBILITY THE FED AND WALL STREET HAVE WITH THE GENERAL PUBLIC...
EVERYONE IS A CYNIC NOWADAZE... SO GLOOM AND DOOM IS ONE OF THE CROWD NOW!!
AND THAT'S ENOUGH TO MAKE ME WANT TO START CALLING THIS PLACE..."SWEETNESS AND LIGHT".... WELL, MAYBE HAVE OBAMA IS IN OFFICE...
