Did you notice how consolidation leads to expansion? We had to wait all day in a fairly tight range, but got a nice move going into the close. We recovered all of last week’s loss in a holiday-shortened week. The Wall Street Journal’s story gives a good overview: Best Week in a Year for Dow, Up 511 Points.
The Fast Money guys at CNBC were mostly bearish for next week: Recap: Bearish Outlook.
And some additional interesting notes:
Is now the time to experiment with negative interest rates?
Double Dip or a Bull Market? Earnings Could Tell the Story.
America: Optimism on hold.
But there is an “Uh oh”….congress is back in session next week. Like I posted last week, the market likes it when congress is not in session because there is no chance of anyone saying or doing anything stupid. Now, coming back, well, that will put a damper on the market!
Have a great weekend!




Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....




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