I am guessing that we will give most or all of yesterday back by the end of the week. I just do not think we are to the point where we can expect too much too soon. I just can't see where there is any truly good news to fuel the market up and keep it there.
Please keep in mind that I have no idea what I am talking about. I apply no science to any of this stuff. I have no credentials for finance. (Heck, around this place I get accused all the time of being an English major.)
This market is a skittish operation under constant assault from the media. I wish sometimes that it was like the old days when my dad would try to catch the news for the close or would squint at the tiny print of the NYSE listings in the newspaper that was delivered to our door each day.
I sometimes think that this market has no hope of ever making any sense. If any of you TOTV guys who market-watch ever had a crazy girlfriend in your younger days, well, if you look back on that and compare, I think you will get the idea of just how predictable I think this market is. About as predictable as that crazy girlfriend of yours. Some days you could do no right. Some days you could do no wrong. Some days she was a lot of memorable fun. Some days she terrified you. And there was no rhyme or reason to any of it. (Hey! Maybe I am an English major. That crazy girlfriend thing was an analogy or a metaphor or a simile or a personification or something like that.)
And no, I was not the crazy girlfriend.
Boomer
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