| Well, looks like once again some of the major indexes are at critical levels..Comp hovering at 1730, SOX below 520, BTK at 480..Perhaps todays fed numbers will supply the springboard to get the indexes back above the current levels. Of course, with the error percentage rate of recently released numbers, who the heck knows what they will be or be revised to..The feds accuracy appears to be on par with enrons numbers,, how can one put any credibility behind the numbers being released,,it just boggles my mind..Apparently they throw darts to arrive at originally released numbers, and revise them when they actually get data<g>..My main worries are the effects of the middle east..looks like Israel is basically at war now, troops to Yemen,Iraq, afgan,Philippines, S.Korea..Aren't we still in Saudi Arabia, Somalia,,etc..etc..I worry the Fed is going to spend us into some very deep shit..Sorry babbling this morning..The numbers might pop the market today, but I decided to sideline it until Monday(maybe) and see how things play out today..If the Dow fails, the Nas gets punished IMO..The defense related stocks on the DOw can only push it so high..I don't see the financials doing the job yet, I think things for brokerages etc., are going to get worse before they get better,,I guess what matters is how far the market is willing to look ahead.. |
