i declare this market to never have a down day ever.
Nor a war in Israel, N.Korea going Nuke, Nor a slowing US GDP. this marker will never go red. this market is trending up. till it no longer is.

i declare there will NEVER be a 100 point down day. LOL. i am truly amazed at the power of this rally into a recession looming ? i learned a lot about the market this year. i learned a lot from bill as well. the one thing i had to learn was not to fear an uptrending market. that is hard to do when the facts behind the market are so negative.

When this stuff starts to make sense, I will need to be committed. In looking on FRED, I note that retail sales (by any measure) is flattening or declining, inventory as a % of sales is increasing (albeit the ratio is still large), and PPI is declining. None of these items portends anything good for the economy. Is the market really all that good of a discounting mechanism, or do I just not get it?

yesterday HD rallied on slowing sales i mean WTF ?! Walmart lowered yearly numbers they too rallied. We are in Bizarro market. Just close your eyes watch the magic show and ride the wave till it crashes over. i had though earlier that the market would have a substantial decline. i am no longer in the substanial decline camp as there is too much money out there. look at the bonus wall street is handing out 34 BILLION !

Canada supports idea of Asia-Pacific free trade zone
Last Updated: Tuesday, November 14, 2006

http://www.cbc.ca/money/story/2006/11/14/apec.html

The Canadian government could end up backing efforts to create a huge free trade zone joining 21 Pacific Rim countries, International Trade Minister David Emerson said Tuesday.

idotri

its options week

during options week Wall Street benefits by moving prices around

they like to either
(a) keep prices locked in a range so the options expire worthless
or
(b) swing them violently so they move options they own in the money or out of the money

in this way they get rich - at the expense of other shareholders

why they allow this I don't know

so this is probably what happend with HD and the others yesterday

IMO

Along with Dr. Poole, I'm living in St. Louis!- center of the land of the fat, dumb and happy?

I have a friend who manages money for people in our wealthiest suburb. When we lunch together, he always tells me how much I know about the market.

I tell him I'm just trying like hell not to be STUPID, and ask him whether his clients are entirely clueless. He sighs, and says YES.

So, if Dr. Poole says FED rates are just about right, that's just about FINE with the wealthiest folks in St. Louis.

In the Cult of the Central Banker, the High Priests are always right, setting interest rates, printing money, doing repos.

By DEFINITION, they are right. They are smart, some even hold academic positions. Who are we to question their ethos or their genius.

Frankly, the hypocrisy makes me ill.

They must be doing something right Ron, they are keeping YOU from making the easy money.

That's their job.

Recognizing the 'folly' of Fed policy, and standing unwilling to profit by it are separate issues.

I am 'hedged' bullish, but see the imposition of debt and deficits onto my children (current debt 28K per person) as untenable.

Can we not recognize the consequences of Fed action?

1) asset based economy bubble expands
2) credit bubble expands
3) rich get richer
4) lack of wage growth and 'hidden inflation' has greatest impact on people least able to deal with it

the disparity in wealth between the few and the many creates many forms of social inequality (education, healthcare, etc) that ultimately impose a moral drain on society.