Tuesday, January 31, 2012

Here they are, 1st month of 2012 is in the books.

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It would be very nice to have 11 more months like January. The only thing that I want to add to this is bonds once again are surprising me and they hit a new 52 week high today and looks like they are going to break out to the high side. What a turn around and totally blew me away how fast they reversed in 7 trading days. Whether this will hold back stocks is yet to be seen, but the slight consolidation that is going on right now is across the board in every index, except bonds. It is going to break in one direction or the other soon, which way is a mystery. Odds favor up since this is classified as a Bull wedge forming. Time will tell.

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