Is the grass growing?

Ok, yesterday it was paint drying and today it was grass growing….slow and boring….until 2:15PM! Then all hell broke loose. There was a minute or two that I thought we would actually go for a green close, but no. Still, it was not a bad recovery off the lows.

We still have some consolidation, or better yet, bottom probing to do here. The big question: if we test a bottom will it hold? Seasonally, the second half of August is better than the first, or should I say more bullish. Also, August options expiration is generally a strong week. So we should have a good couple of weeks going into Labor Day.

Now for some wacky stuff: Here’s an OMG! Tony Robbins is now doing financial coaching! Check out his Business and Finance Blog where he has a “quick” word of caution for you. The “quick” word takes almost 22 minutes! OMG

And in closing, here’s a funny:

“In Portland, Oregon, a 7-year-old girl’s lemonade stand was shut down by the police because she didn’t get a $120 business license. On the bright side, by closing her business, she’s now eligible for a $108,000 government bailout.” — Jay Leno