Freedoms Truth

DryShips: Poised to Rally

"My general thoughts are that this is an Obama stimulus package rally. "

WRONG!
The market has gone up on news the so-called 'stimulus' is delayed. Why? Because the market knows it wont be good for it, and wont mind at all if it is delayed. In fact if there was news tomorrow that Congress would quit for the year, the markets would rally big. Google "Congressional Effect management" and eric Singer on this factoid!

the markets are also up due to 'january effect' money flows reversing after 3 months of forced selling.
December was a good time to buy beaten-to-a-pulp fallen angels. they will rise.