Comments about the financial markets, politics and other random thoughts of interest.

Thursday, May 13, 2004

Morning thought

Everyone in the world is calling for a bottom. This usually occurs when no one expects it to appear. The Dow 30 and the Russell 2000 broke back below their 200 day. Everyone is focused on the SP 500 breaking above the 200 day. It to will fail. Other concerns, PPI up strong this a.m. Inflation = too many dollars chasing too few goods. The bear is lose on Wall Street and knocking over the garbage cans. I am out.

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