Sleeping Kitty

Stocks


Bulls want to rally. Indicators like the VIX, Put/Call Ratio and the fact that our McClellan Index is in neutral all show this. Santa Clause and January effects are real phenomena that add to the bullish tone.  Holding them back is Europe. Yesterday European banks gobbled up cheap loans offered by their central bank.

If you want to know if the bulls can break out and stampede check the DAX (German Stocks) and most importantly the 10 year Italian bond rate reaching 7.00%. Closer to 7.00+% the more the bears rule.


Trends


The Mitt Romney flip flop trend has now become

the stuff legends are made of.


Latest  -Iraq war – In 2008 campaign he “supports” the Iraq war – “a good idea worth the cost in blood and treasure we have spent.” By 2008, after 5 years everyone knew there were no WMD’s in Iraq.

Yesterday – “He would never have gone in if he knew there were no WMD’s.”  LINK to story.


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Relaxing today. Hopefully, back tomorrow with much more –

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