Ron M Morin

All good news and no new high

FX:SPX500   S&P 500 Index
48 0 0
With good news tumbling in from every direction you would have thought--go for it Bulls, but no. Are they really worried about Yellen, the Indecisive? Maybe. And maybe the Bulls will get it together next week. And all that may come to pass. Personally, I think even the Bulls are starting to think something darker is lurking out there. They really squandered an opportunity in the last two days to take this beast higher. But I'm not a mind reader. I'm staying short. Either we start down next week or the Bulls will try again for a new ATH             . All the technicals I follow don't make the Bull fantasy very likely. But who knows. There's still a lot of free money sloshing around. Of course, this interest rate thing could get out of hand.
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