An enormous move today 1.55% or so. For four hours of the trading session the market was in a 3 point SPU range - so they were willing to chase stocks up 1.5% but not a penny more till you wake up in the morning and the SPUZ are up the requisite 4 to 5 bucks. WTF? Who pays ever higher prices all the time - we are up like 8 out of the last 10 trading days - not bad!!! Once again remember Barack Obamas famous words "I think its a good time to buy stocks" from about 9 months ago. Would he ever say something like "lets not be pigs people, trees dont grow to the sky" - nah thats unAmerican it has to end in a thud - we are the bubble country, stocks, credit, housing, stocks again - whats next? Oil is getting very pricey again which is FOSURE a negative for 99% of the US populace. Do you like paying $3 and more for your fillups? In this recovering economy is that gonna be a help when people/companies start paying more and more for oil?? All Bernanke has to do is stop printing dollars raise rates a bit and oil will get crushed - but he wont do that- so oil will go higher and eventually will crush this budding recovery. We are in a box - and each side is sealing shut - medecine has to be taken. Unless you are one of the special companies AAPL, GOOG, AMZN that is really experiencing huge growth the world sucks. The disconnect between the stock market and the realities as I see em have never been bigger. People say multiples are low - well honestly should you be paying a lot for stocks when there is 11 trillion dollars of tax payer money backstopping everything and fedfunds are 0-.25% - there is only one direction those rates can go. All this is unimportant to what the next "move" will be in the market - the beast is gonna do what its gonna do - this is a masterfully peaceful tape that has a blind eye turned to anything negative and a never ending desire to print higher. Commodity stocks are powering the market higher I read somwhere today - ahh ok so all your inputs are going up so "markets" zoom higher - unless you produce that commodity this is a negative. If you are a builder and copper is getting more expensive by the day this is a negative if you are Freeport Mcmoran and you mine copper this is a positive. blah blah blah
Good Luck tomorrow
JB
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