It is that time of year when the animals go shopping. I could say a lot of things about this sickly scene, but I think the following video - which I believe is from earlier today, is a very fair summary of what is going on at the lowest level of the US consumer economy.
Meanwhile, back at the casino...
So we've hit sp'1404, thats starting to convince everyone we're now set for a full on Santa rally, possibly into the sp'1500s by year end.
Certainly, we're not quite seeing the bullish hysteria I was looking for on the clown network finance TV, but we'll probably see it next week, if we're trading in the 1420s.
I remain patiently watching...this apparent wave'2 bounce..play out.
Back after the close..which is at 1pm.