My apologizes to all five of my loyal readers.  I’m been rather busy lately mainly because I’ve caught the entrepreneurial bug and working on a major business project.  I have been actually trading less and working more on the start up phases which is rather time sensitive since I’m working on a project for the awesome iPhone which will be coming out with their new OS 3.0 software which will be a “game changer” and I’m not even kidding about it.  I may post about Apple but for now, Apple has had a great run and I would wait for after earnings when people will take it out and shoot it.  On that day, at least one trader called Mister Bull will be buying.

But it looks like the market is on pretty solid footing and at worst may test it’s lows but it doesn’t seem likely to make new lows at least this year.  If the government plans don’t work, we’ll know by next year and we will definitely face worst problems than the market making new lows.  We’ll probably face something that most of us have never seen in our lives, a true depression.  I hope that’s not the case of course; I rather have us inflate ourselves out of this problem and deal with it later than face depression based deflationary economic fear and loathing.  As for the markets, it seems the rate of increase has been slowing and valuations are actually quite reasonable based on the uncertainty.  So at least a minimal correction is in order and earnings seems to be the catalyst for that now.  There isn’t much news that the government can provide except for the uptick rule and the results of the stress test.  Markets are merely looking for reasons to do something.  Right now, we’ll all looking for a reason to take some gains.

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