S&P looks like it still wants to go lower. Oil cannot get below the 44's.

And into the 44's.

We didn't someone tell me to stay short yesterday.

Tip of Minute

Sell EVERYTHING!!!

Back to the year high

As the S&P sits as the top the of the channel it been bouncing in for 2 months the question is does it break up to the 1420 year high or stay in the current channel and start dropping. If today's gains hold and don't get slash in the last 5 minutes 1420's the bet.

Stocks are dead?

http://finance.yahoo.com/news/why-investors-fleeing-equities-hint-122102217.html;_ylt=Ate0UePyxUPfIFa8MjV53x6iuYdG;_ylu=X3oDMTNybHA0NWFsBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDYjg4NTA0OTQtZjZkOS0zZGFiLWFhMmQtNjcyNzA0MDY0MzFkBHBvcwMyBHNlYwN0b3Bfc3RvcnkEdmVyAzViMzY0ZWUwLWUwOGEtMTFlMS05ZmVmLTdlOWUxMDc0YWE5YQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Round the all time high on the S&P to 1520.  We are less then 8% from that at 1400.  Yes that sounds like a dead market people are running from?  Seriously?  So if this is dead what's good look like, up 25% a every year?  It seems the expectations are way off of reality.

NFP Friday

So the new question is does the 163k print stop QE or not?

Corn away

So I'm definitely not a farming expert, but Sunday I watched a farmer mow down his drought killed corn field.  That's the first time I've ever seen a field just mowed down so late in the summer.  I do know that corn prices have shot up and that more then half the food out there uses some corn based something, high fructose corn syrup, feed for animals, etc.  So basically it's how bad does this push inflation and does the Fed care.  It may not effect the core CPI and we'll have QE3 like he market seems to expect.  Real fun will be if the ethanol requirement for gasoline gets removed and what that will do to gas prices.