Consolidation

Nothing much going on today!
As expected since yesterday could be considered a trend day. I am not 100% on the trend day because we gapped up most of the gains

January Phenom

The phenom states that 85% of the time the DOW move of the year can be predicted to the first 5 days of trading. My problem with it this year is that the move yesterday was politically motivated and is not based on technicals.

The move yesterday 'suggests' we will see the highs of last year matched.

Finally a Decision

Though it took forever we finally have a vote in Washington. the amazing thing is that we are going to gap up huge but no one will be able to take advantage of it because most were out because of the craziness of these politicians. Last year it was the same most of the real  moves in the market up or down were made overnight due to the election and then the fiscal cliff issues making it very hard especially in the second half of the year to make money.
Well I hope for a more stable 2013, though I have been reading the big wigs who are saying it is more and more obvious we will be in a low return environment for a long time to come as less and less players are in the markets (makes you wanting back for the 90s).

CLIFF

These politicians need to jump off the cliff-

WASHINGTON (AP) — The No. 2 Republican in the House leadership says he opposes a Senate-passed measure to avert the so-called fiscal cliff.

Virginia Rep. Eric Cantor told reporters after a two-hour closed-door meeting Tuesday with his GOP lawmakers that he did not support the bill.

He said House leaders were looking for "the best path forward" and that no decisions had been made.

The Senate passed the measure early Tuesday by a sweeping 89-8 vote. House passage of the measure would send it to President Barack Obama for his signature. The bill would increase taxes on family income exceeding $450,000 and delay across-the-board spending cuts for two months.

House GOP leaders were considering amending the measure and sending it back to the Senate, but that step could produce a deadlock.

NEW YEAR!!

Happy New Year. Now 2012 is of the past. Let us look back with thanks and move on. There were good times and bad. Give thanks for both because there were a lot of lessons learnt from the bad. Now it is time for a New Year and a New. Leave all negativity behind and embrace 2013 with great optimism and just focus on positive vibes and just loving one another as God wants us to. This is the year that the Lord has made, let us be glad and rejoice in it. 2013 is a gift to each and everyone of us, that is why it is called the "present". Enjoy.

1430

1430 was the S&P year end target by JPMORGAN and Goldman for 2012.
We got 5 hours to get there !!!!!!!

Mercy!!

I guess we are at the mercy of these hard headed politicians-
Bye Bye market- geez- when will this end!