FED

Well a real up and down day, see saw nothing new it seem to be how the market will be for awhile. Big surprise is we didn't have a turn around tuesday and the early strength could not hold up the news from the FED. It is almost impossible for me to think why would the FED say or do anything here. All the big money is doing nothing and the FED being the biggest have been behind the scenes trying to boost up the financials with result. The news of over 7 trillion assistance from the FED to the banks is just amazing, it makes the TARP look like a joke. Volume is low now into the end of year and Santa Claus rally is just that a figment of the imagination just like everything else. On a side note we rallied hard after thanksgiving on the great sales data but like many I would really thinking how can the retail sector show any real turnaround. I though it was just heavy sales of low margin items and sales. Today news from Best buy proved my thoughts but I must admit I was think of scared to call the retailers as a short then but a good call it would have been.