I just want the market to get hammered so that the baldguy on CNBC will be wrong, discredited and maybe he'll stop squaking for a bit. Working for GE and being an ex GS guy he is on the inside he knows whats going on - I feel like maybe he has the daily script everymorning. The SPUZ are attacking the 1100 dollar level and why not? We have not retraced 65% of the S&Ps move - and we have seen that stocks actual movements have no baring on the daily relelntless buying of stock futures with fridays 8 point decline now put in the "pause that refreshes" downmove.
Everything felt so exhausted friday - like stocks just needed a breather - but here we are again with breathless buyers of any and all things stocks. Not that it matters but the new issue and secondary calendar is jam packed with offerings almost daily.
more useless thoughts later
JB
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