11 AUG 2009, Tuesday

1. Political thought for the day...especially with all that's been going on this past 2 years (old Chinese curse goes "May you live in interesting times....uhuh!).....
2. The ONLY difference between the Republicans and the Democrats is that the Dems tell you right up front that they intend to gang-rape you. Meanwhile, the Republicans claim to intend to protect you, but as soon as you look the other way they violate you from behind without warning. Ain't it grand!!?
3. Well, market is finally doing something today besides grinding in a multi-day tight range. Tomorrow is the FOMC meet so it's pretty tough to be confident as to which way things might go.
4. With this tight consolidation at high levels, it may be preparing for an overdue correction. What I'd like is a shallow and brief correction with a renewed push up to slightly higher highs and then the failure. Then I'd be quite interested in potential shorts again.
5. But "You can't always get what you want."