THURSDAY, NOVEMBER 19, 2009
News is bad, and the market keeps plugging along..

Generally when there is a major divergence between the reality of the economy and the performance of the markets, we are getting close to a major turning point in the market. As of yesterday, the SP500 had regained half of the losses from the high. Only half mind you. From the exuberance of the record payout of Wall Street bonuses you would think they made back all the losses. Nope, only half. Crunch time is in store for this market. Next stop Dow 3500....possibly 2nd quarter 2011.

 


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