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A MARKET SHOW ABOUT NOTHING

|Includes: BP, BWX, DBA, DBC, EEM, EFA, EPI, EWA, EWC, EWY, EWZ, FXE, FXI, GLD, GS, HYG, IEF, IEV, IWM, IYR, JPM, MDY, MOO, QQQ, RSX, SPDR S&P 500 Trust ETF (SPY), TLT, UNG, UUP, XLB, XLE, XLF, XLY, XME

JERRY: Well what's the show about?

GEORGE: It's about nothing.

JERRY: No story?

GEORGE: No forget the story.

JERRY: You've got to have a story.

 
There wasn’t really a story in markets Friday either. The news items, mostly bad, didn’t register as such. The machines have things under control and spent the day cherry picking news they liked (slightly better Consumer Confidence) and ignoring news they didn’t (horrible Retail Sales data). Some, like permabulls at CNBC had to dream-up ways to rationalize poor Retail Sales against Consumer Confidence. Frankly, it’s a laughable exercise; but.....READ MORE!

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