Friday, September 15, 2006

No Inflation!

We at least that is what we are being told. The straight up market continues as we get "as expected" cpi. I am selling into this though being we are up against a market high and we are too far too fast. Plus nobody is risk adverse right now. You have groups like housing flying. I guess they can just ignore that inventory build. Shows you fast money back and it is pure momemtum. Which is fine but overbought is overbought. Also, oil keeps dropping like a stone. Must be elections soon! Oh, yeah there is. Funny how the booming world economy was running out of oil 2 months ago and now when we are close to the November elections oil mysteriously drops like a lead balloon. Manipulation, games, govt involvment...nah