iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,406 Blog Posts

Rally Ho!

Personally, I think tomorrow’s rally should be faded. However, I’ve been known to change my mind, within seconds of making a strong stand. I’m fucked up like that.

NO MORE POLITICS, by the way. The previous post was intended to let out the pent up frustration. Now, we must all attend to the “The Fly’s” desires to bank more stock market coin.

At any rate, I still say short the shit out of Petrohawk Energy Corporation [[HK]] , as if you were playing with your neighbors 401k. And, get long some [[DUG]] . However, in the event that I am wrong and we rally up, getting our tax hike party on, here are some top rated stocks, courtesy of The PPT:

Overall Top Rated Hybrid:

1 Applied Signal Technology, Inc. (APSG: 17.92 -0.55%) 4.15 4.7 4.4
2 Aceto Corporation (ACET: 8.76 +3.18%) 3.85 4.7 4.24
3 PetMed Express, Inc. (PETS: 17.90 -1.92%) 4.35 4 4.19
4 Boardwalk Pipeline Partners, LP (BWP: 25.50 +0.08%) 4.3 3.95 4.15
5 Odyssey HealthCare, Inc. (ODSY: 10.16 -1.65%) 4.1 4.2 4.15
6 Spartan Stores, Inc. (SPTN: 27.41 +1.67%) 4.15 4.15 4.15
7 Black Box Corporation (BBOX: 31.66 -1.06%) 3.65 4.6 4.08
8 Consolidated Edison, Inc. (ED: 44.53 +2.11%) 3.45 4.8 4.06
9 Oriental Financial Group Inc. (OFG: 16.67 +2.77%) 3.2 5.1 4.06
10 Ka0man Corporation (KAMN: 26.53 +0.11%) 3.5 4.7 4.05

Overall Top Rated Technical

1 Questcor Pharmaceuticals, Inc. (QCOR: 8.86 +6.24%) 4.45 3 3.8
2 SI International, Inc. (SINT: 29.25 +0.93%) 4.4 3 3.77
3 PetMed Express, Inc. (PETS: 17.90 -1.92%) 4.35 4 4.19
4 Boardwalk Pipeline Partners, LP (BWP: 25.50 +0.08%) 4.3 3.95 4.15
5 Applied Signal Technology, Inc. (APSG: 17.92 -0.55%) 4.15 4.7 4.4
6 Emergency Medical Services Corporation (EMS: 36.09 +8.97%) 4.15 3.6 3.9
7 Spartan Stores, Inc. (SPTN: 27.41 +1.67%) 4.15 4.15 4.15
8 (USQ: 8.01 0.00%) 4.15 2.6 3.45
9 Genoptix, Inc. (GXDX: 35.61 +0.94%) 4.1 2.8 3.52
10 Odyssey HealthCare, Inc. (ODSY: 10.16 -1.65%) 4.1 4.2 4.15

Top Ranked ETF’s

1 (IEI: 0.00 N/A) 4.35
2 (CYB: 25.23 +0.48%) 3.8
3 (IEF: 88.76 +1.20%) 3.8
4 (SEA: 12.85 +3.88%) 3.67
5 (SDY: 45.90 +2.46%) 3.6
6 (PLW: 26.85 +1.51%) 3.5
7 (PWND: 11.9199 +11.64%) 3.4
8 (IWR: 66.46 +3.46%) 3.15
9 (MGC: 34.99 +3.95%) 3.15
10 (PPA: 14.69 +3.23%) 3.15

Overall Top Ranked Fundamental

1 Teck Cominco Limited (USA) (TCK: 12.54 +14.63%) 2.55 5.3 3.79
2 Yanzhou Coal Mining Co. (ADR) (YZC: 6.58 +6.99%) 2.5 5.3 3.77
3 Capstead Mortgage Corporation (CMO: 10.43 +4.30%) 2.05 5.2 3.47
4 Companhia Paranaense de Energia (ADR) (ELP: 12.15 +3.93%) 2.05 5.2 3.47
5 Tidewater Inc. (TDW: 45.87 +10.05%) 1.95 5.2 3.41
6 Euroseas Ltd. [[ESEA]] 2.4 5.15 3.64
7 Garmin Ltd. (GRMN: 22.14 +0.41%) 1.7 5.15 3.26
8 McGrath RentCorp (MGRC: 23.50 -0.09%) 2.35 5.15 3.61
9 Turkcell Iletisim Hizmetleri A.S. (ADR) [[TKC]] 2.3 5.15 3.59
10 Arch Capital Group Ltd. (ACGL: 68.35 +0.65%) 2.45 5.1 3.65

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69 comments

  1. 80/20

    i’ve been wading into TLAB and OI

    penny for your thoughts ..?

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  2. 80/20

    NYX and NDAQ also look way oversold to me

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  3. MarketRaider

    Futures, treasuries and currencies don’t are giving a big FU to the rally. Things could change by open though. I think we are returning to reality soon in ammean way especially with everyone and their mama bulish.

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  4. Employee8

    Had APSG on my buy list ….

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  5. Employee8

    OEW Recap:

    The target for this rally is initially SPX 1107 and then SPX 1179. SPX 1179 is the point where the market broke down at the end of September. It is also a long term pivot, as is 1107. This market is certainly due for some sort of pullback after rallying over 160 points in one week.

    Support for the SPX now edges up to 990 and then 961, with resistance at 1018 and then 1041. Short term momentum was overbought near the 1006 high and eased back, but is starting to display a slight divergence at the closing highs.

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  6. god

    buy it all. (for the time being)

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  7. god

    and by the way. this ‘donny’ douchebag has got to go. that kid is not welcome up here, and should not be welcome down there, or anywhere inbetween.

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  8. London

    acid test next couple days – will ADBs reemerge, like in the good ‘ol days. I think any dip gets covered and bought.

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  9. London

    PPT – I think Fly has a few more brain cells still to code into this thing, like eliminating BS microcaps that have been range-bound for 6 years (ACET?? wtf?) that he wouldn’t even glance at except in some internet-driven nightmare where his trader/servants only take orders from blog comments and he watches helplessly as his portfolio robodwindles.

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  10. Michele Obama

    “Black Box” eh, you fuggun’ white trash mothah Fuckah??

    GUARDS!!

    SIIIEEEZZZE HIIIIIIMMM!!!

    ____

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  11. Mr. EB

    According to Mastercard’s data service, SpendingPulse, October spending numbers were horrible. Here are some data-points y/y:

    -Apparel sales -12.2%. Women’s apparel -18.2%. Men’s apparel -8.3%. Footwear -9.7%
    -Electronics and appliances -19.9% vs. -13.8% in September
    -Furniture -15.1%, home furnishings and decor -20.6%
    -Luxury high-end sales -20.1% vs. -4.8% in September
    -E-commerce -3.9%
    -Restaurants +0.3%, fast-food +1%

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  12. 80/20

    “robodwindles”

    but what really gets my goat is
    the flaky PHP code in use here!

    http://www.phpdeveloper.org/news/10240

    are there no serfs that can code in Python?

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  13. sniper6

    Bought SKF premarket $115 for a quick trade

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  14. Mr EB,
    Don’t be so negative. Don’t sweat those details. The economy is great. The bottom was called last week. All up from here.

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  15. Donny

    The ADP employment numbers are just awful … absolutely fucking awful. On Friday, we get the non-farm payrolls, and it will a bloodbath. We’re about to find out if the market has all this ultra-fuckery priced in.

    I think not.

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  16. T MOE

    Get that old index fuck Bogle off my screen

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  17. Woodshedder

    Ahhh….life is good. Things are making sense again, seeing that the futures are down.

    Lord willing, I will bank serious coin on my inverse ETFs, and then turn around and catch the move back up.

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  18. Curious that The Fly does not seem to trade his so called PPT screened stocks, curious no?

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  19. T MOE

    Behold the the new world. the recession will end, there will be full employment, house prices will rise, more people will buy iphones and computers, China will roar again, the consumer will have more money to go to WalMart to shop. And The Fly will share his wealth

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  20. Paradigm Shift

    I have been getting smaller on longs into the rally and I started building hedges yesterday to flatten out.

    I think the market gets skull fucked prior to an opex week lift.

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  21. The Fly

    Anonymous Says:

    Curious that The Fly does not seem to trade his so called PPT screened stocks, curious no?

    Yes I do. All the time.

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  22. Jakegint

    Better be quick, Wood.

    Oh, and I fixed this for you, Fly:

    Personally, I think tomorrow’s rally downdraft should be faded.

    All set.

    _________

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  23. The Fly

    stats on HK (just about the lowest ranked oil/gas stock):

    Debt/Equity 4
    PEG Ratio 1
    Price/Book 5
    Price/Sales 2
    Profit Margin 1
    Sub Rosa 0
    Final Score 2.35
    PPT Recommendation: Sell
    Accumulation Distribution 2
    Price Performance 1
    Relative Strength 1
    Volatility 2
    Volume 1
    Sub Rosa 0.35
    Final Score 1.65
    PPT Recommendation: Strong Sell
    1.97
    Strong Sell

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  24. T MOE

    ADP numbers are out, missed them, how did it look. Did it get some insight on what Friday may hold? I think its going to be ugly

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  25. Jakegint

    Get that old index fuck Bogle off my screen.

    My screen shows B.A. Barakas in a cowboy hat.

    (Where do you guys find this shit??)

    _________

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  26. T MOE

    Fly
    Are you telling everyone to sell HK so that you can do the opposite like you did with the inverse ETF’s

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  27. Jakegint

    I think the market gets skull fucked prior to an opex week lift.

    Maybe lightly “forehead drummed,” but there will not be any actual penetration.

    ________

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  28. T MOE

    Jake
    CNBC streaming on my screen

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  29. The Fly

    T Moe:

    That makes no sense. I’ll just go about life as if you were not here.

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  30. Jakegint

    I think its going to be ugly.

    The proper response to this is “no duh.”

    The follow up question is “how do you believe the market will respond?”

    Point in fact, the answer lies in the same response to E8’s doltish “observation” that Democrat Presidents tend to reign in better rising markets than Republicans (this after the market dropped 40% in anticipation of incipient communism).

    That response is “the market is a discounting mechanism.”

    ________

    ________

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  31. Jakegint

    Jake
    CNBC streaming on my screen.

    Apologies, I thought you meant here. I don’t watch much tube.

    Bogle is old, that’s for sure.

    __________

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  32. Woodshedder

    T MOE, anyone can get the ADP numbers. Just google ADP report.

    Jake, you’re wrong, this time.

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  33. The Contractor

    The market didn’t drop 40% becaus it discounted an Obama presidency, it dropped 40% because LIBOR went to 5% and major financial institutions were dropping like flies….

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  34. T MOE

    Fly,
    What do you mean no sense?
    Didn’t you post- Stay way from inverse ETF’s and then post that you bought EEV and SDS

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  35. The Fly

    Tmoe:

    But then I posted it, while the market was open. It’s not like I did it w/o anyone knowing.

    In other words, you’re a fucktard.

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  36. T MOE

    Contractor,
    True about LIBOR and I think that its drop has given most of the lift in this rally. The market has not finished dropping in my estimation. Because of the loss in Jobs the shitty growth numbers and the high rate people defaulting on loans of all kind. Bankruptcies increased by 40%

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  37. The Contractor

    I agree with Jake however, the dips are to be bought this rally isn’t over. Once the honeymoon period is over it will be business as usual.

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  38. T Curly

    Anybody see T Larry?
    Wooo Wooo Wooo
    Nyeck Nyeck Nyeck

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  39. sniper6

    Hehehehe all the newly minted optimists in this country, and all over the globe, are gonna start pouring new money into the market, thinking that something good is gonna happen.
    I plan to take it from them, for my own selfish benefit. Because they’re just the latest herd of sheep being driven to the slaughterhouse.

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  40. Merlin

    POOF!

    Your Obama victory rally is OVER!

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  41. King Cole

    My friends, let us join in celebration of having Barack Hussein Obama
    as our next President. Even though you may have found yourself unable
    to vote directly for him, you certainly helped elect him in other ways.

    To those who sent all the mass E-Mails about Obama being “a muslim”
    or a “friend of terrorists” or a Communist, you sure helped.

    To those who said “Obama SCARES me” and he is “anti-American”,
    to those like the MSNBC financial experts – Lou Dobbs, who don’t know
    the difference between Schedule C business gross sales and net income;
    to the grammarians Rush Limbaugh, Laura Ingraham and Britt Hume,
    who don’t know the difference in meaning between “Will get a tax cut”
    and “Will not get a tax increase”, thank you for influencing the vote!

    And to those who applauded the selection of Sarah Palin – she of the
    Niemann-Marcus wardrobes, $600 foreign-made glasses, and vacations
    for her family paid for by taxpayers, TWO MOOSE ANTLERS UP!

    And lastly, to Tax Expert “Joe the Plumber’s Helper”, the best that McCain
    could come up with on economic policy – thanks for the help!

    Now we have no intention of celebrating with high fives. We much more
    demurely ask you to join us in this token celebration of America’s victory:

    Let the Income Redistribution and the Supreme Court appointments begin!

    http://www.youtube.com/watch?v=EGBikSDv4nM

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  42. T-Shemp

    Hey! Why am I always left outta da mix?

    ________

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  43. T MOE

    King Cole
    No more political post here. Go post you shit to the Daily KOS are the like. We are getting ready to make some money. You optimism is great. I agree with Sniper. Keep pouring you money into this market like the other Sheeple. the rugg will be pulled out soon

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  44. T-Joe

    Me too.

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  45. Jakegint

    Old King Cole — go fuck your fiddlers three, eh?

    _______

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  46. TraderCaddy

    Speaking of the Stooges and Old King Cole I seem to recall an episode starring Shemp and the Stooges and Old King Cole.

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  47. America 2008

    “Socialism ’til it hurts, baby!!”

    Yeah, keep banking coin.

    Saint Obama gonna come take it all from you in taxes next year, bitches!

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  48. T MOE

    Fly-
    Thanks for the Technical ratings. I like the rating of BWP.

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  49. Needle dick the bug fucker

    just bought SRS @ 114.75

    the employmnent numbers will be ugly as well as retail. In fact my area stores have by-passed thanks giving all together. Xmas stuff is all ready in the aisles.

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  50. Jakegint

    Check this out, “BA Barakas” just came to me this morning, so I did a search to see if anyone else had thought of it, and…

    “There’s nothing new under the sun.”

    __

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  51. Pro Trader

    You people need to relax and trade without emotion. Anybody making trades this week is on the level of people playing slot machines. That is ok but not my style. Unless you have inside info you are going to get your money sucked right out of your ass. That is gay trading in my book.

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  52. The Fly

    Pro:

    Shut up.

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  53. Jakegint

    Needledick — not a close student of retail?

    When was the last time you saw Thanksgiving decorations in a Mall-level retail outlet after Halloween?

    __________

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  54. j

    People focus far to much on consumer spending as the be all and end all. It isn’t and you’ll get screwed just looking at that thinking it’s a pointer to economic health.

    Consumer spending is dwarfed by gross domestic spending. that measure such things as business to business sales which are netted out in the GDP figures.

    Watch for that and not consumer spending. In fact consumer retrenchment at the present time is actually not a bad thing as the man in the street is saving rather than buying the unneeded 3rd TV set.

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  55. Jakegint

    Pro — who’s “trading with emotion?”

    I hate communism, yet I think the market frogmarches higher from here, based on a number of short and long term technical indicators.

    Now, if you are talking about day trading, okay, but that’s for bug fuckers anyhow.

    (No offense to needledick the bugfucker).

    ________

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  56. Dr. Incognito

    Jake, give the guy a break. He obviously only does the firework shopping which is restricted to the week around ID4 and New Year’s to minimize the number of roman candle wars and flaming mailboxes. Sadly, fireworks at best maim so many of these creatures still manage to procreate.

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  57. j

    Yes right pro that 300 point rally yesterday… fuck who needs that shit when i can wait it out to get a “clearer picture”.

    It’s never fucking easy dude.

    You trade when you think the opportunity presents itself rather than being tied down because this week may be a little volatile. That’s really gay thinking, pro.

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  58. Needle dick the bug fucker

    Jake,

    ya that was gay like.

    Ive spent these last 14 years working over seas.

    Just the same retail is toast, im betting Obama raises taxes fires Paulson, and says something mind nuumbing.

    we need a leg down some where in here. Im looking for 10 to 20 pts. on SRS

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  59. Needle dick the bug fucker

    Jake,

    besides the bird feeders in front of my window are void of bird, have been for the past week, very unusual this time of year. Somethings going to happen.

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  60. T MOE

    You think the consumer is actually saving? Also I don’t know if I completely trust the GDP numbers and how it is calculated. Too many revisions. Isn’t consumer spending 70% of the economy

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  61. TraderCaddy

    Fireworks is a year round phenom at South Of the Border.
    Plus riding Pedro the wild sombrero is so much fun (not).

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  62. kidstock

    Good to see how far we have come in the past 25 years.

    http://www.youtube.com/watch?v=pHf5OqwXEFo

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  63. Steve The Neighbor
    Steve The Neighbor

    Hey Fly. Let’s take the families down to South of the Border this weekend. I promise not to wear my speedos.

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  64. Pro Trader

    I am saying the market is oversold and buying after 11:00 yesterday was not smart. Today is the time for inverse ETF
    or hedging if you bought late yesterday. I am not waiting for days or months [I am waiting for the slot machine to stop] After the election is a good time. Not during election Day.

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  65. Pro Trader

    That was overbought

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  66. Pro Trader

    WTF The market is overbought today. I have to stop reading other screens while I’m typing. Sorry.

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  67. TraderCaddy

    It’s SMH long for a daytrade.

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  68. TraderCaddy

    Also homies.

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  69. j

    You think the consumer is actually saving?

    Yea, heaps by the looks of things. The wallet is under lock and key for the most part. These days.

    Also I don’t know if I completely trust the GDP numbers and how it is calculated. Too many revisions. Isn’t consumer spending 70% of the economy

    GDP is a netted number. It doesn’t include say sales from the car component maker to the carmaker. That’s why gross aggregate expenditure is a far more illuminating number to actually see what the fuck is going on in the economy. Gross aggregate expenditure dwarfs consumer spending. In fact GAE would probably the economy 3 times the annual GDP number.

    I don’t just want to know what the consumer is doing I also want to know what business to business sales are doing as that is a much larger more important number for longer term direction.

    Unless politics comes into play as a real negative with the incoming administration (and I don’t think he’ll say much that is negative) the market could be explosive from here. Higher savings levels with the saver seeing little interest rate support will be forced to go into the stock market to try and buy more yield and growth. Add the in enormous monetary expansion engineered by the Fed and all the other major central banks and it could be a huge rally between now and Xmas.

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