Unless you're short in a big way you've got to be happy with the market today. After ending up last week in god knows how long we are rallying again. It's even possible that we really into the close today. Even if you are short you have to rejoice, just a tad, in this pre-Christmas gift.
That being said this could very well be just a leg up before two more down. This uptrend will probably last into January and could see the DJIA reaching its resistance/support around 11000 and S&P around 1200. Depending on how we got there and how the economy looks in a couple months I think will be a good indication as to how big the next leg down will be. Be sure, there will be another downward trend soon. I am asking Santa to make it more of a flat trend while the economy realizes this isn't 1930. We have production and communication tools to get us back into the green faster.
Oh yeah, I should build some credibility so you don't think I'm a complete moron. I said last week that BAC was a market leader; today is a good example of that. They're up more than the other big financials on no good news.
By socks I really meant some articles you might find a laugh in over at Cracked.com:
The 7 Most Retarded Criminal Excuses of All Time
The 7 Most Ingenious (And Insane) Smuggling Techniques
7 Historical Figures Who Were Absurdly Hard To Kill
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