Closing Brief

The main indexes broke another new set of historic highs, but closed a touch weak, with the sp -1pt @ 1805. The two leaders - Trans/R2K, closed -0.3% and +0.1% respectively. Next week is offering upside into the 1820/30s, and with heavy QE, equity bears don't have a hope.


sp'60min

Summary

For the bulls..just another day of gains. Certainly, the individual daily gains are nothing significant, but collectively, they sure do add up across the weeks and months. This is an amazing market to watch...and equity bears surely have another 4-6 months to wait.

--

I generally try to refrain from any chat on societal issues..but..I think the following merits highlighting...

Black Friday at WMT.



I've no doubt the history/sociology students of the 29'th century will look back on such videos with utter bemusement and horror...much in the same manner that we see the 'witch' burning of many centuries ago.
--

Have a good weekend!

*I'll post a few things across the evening....but earlier than normal.
--

**The weekend post will be on the World monthly indexes - without question, the most important post I do each and every month.