Monday, August 6, 2012

No News Is (Apparently) Good News

This is a slow news week. It appears that since there is little news, most of which has been negative in recent months, the market will continue its melt-up. There is no acknowledgment of reality in these markets any more because central bankers have eliminated all perception of risk or reality. When that occurs, asset bubbles are a certainty. The Dow is up 75 so far today.