Yey Obama! Yey stocks! Rah rah rah America! Dow 12,000! Cramer's bullish!
I did not hear the SOU because I was out jamming (and receiving a valuable lesson on getting my tinny voice to sing on pitch - we are all learning, all the time) last night. But it looks like the POTUS made a hit on a downright feel good night.
Unless they truly have repealed all the classic topping indicators, we should top out soon. A top does not mean Armageddon, but I will guess we are within 2-3 weeks of one of some kind; a healthy one or otherwise.
If not, I will need to eliminate bear positions and await a top that would fail one day into something much worse than a healthy correction. Funny thing about these LCPDs (last chance power drives), they are fueled by desperation (of policy makers) in the early stages and raw, stupid and really disgusting momentum in the latter stages. But when they end...
Posting may be light today as I have to go be a business man and do business man things for much of the day. http://www.biiwii.blogspot.com
