GIVEN THE DISMAL STATE OF US MACROECONOMICS...
WE CAN EXPECT SOME DELUSIONAL THINKING TO CREEP IN...
THERE WILL LIKELY BE "GHOST DANCE" RALLIES FOR THE REST OF THIS YEAR...
GREAT SELLING OPPORTUNITIES...ESPECIALLY IF THE SHORTS ARE COVERING.
CLEARLY THE FED AND THE BUSH ADMINISTRATION ARE DONE NOW...THEY ARE SIMPLY GOING TO SIT BACK AND LET THE CALENDAR DO THE WORK UNTIL OBAMA TAKES OVER... THE CAN IS BEING KICKED DOWN THE ROAD...NOTHING IS BEING SOLVED...AND NO ONE IN THE ADMINISTRATION WANTS TO TAKE ANY CHANCES...
