Making Bad Look Good

Indexes will have to demonstrate an ability to look bad all week and still close well enough to attract buyers at week's end. Bad news is everywhere so the chores of base building are a matter back and filling. There is no lack of investment dollars to begin the bottoming process. This is evident by just looking at the bubble boys who now occupy a room at the Commodity Inn. Whether it is the biodesiel scam or the gold morons, the bubble boys footprints are all over a worn out welcome mat. Now the hedge types have positioned themselves in commodity markets where there are restrictive daily price limits. When that bubble pops, they exit door is opened periodically to let the wounded out. This 'trade like a death wish' is becoming an investment hedge against prosperity by professional trading houses throughout the markets. Pursuing alpha is great but the commodity price event is the next trade event.