Thursday, November 1, 2012

Free Market Carny

The last of the political spin cycles will be going on over the next few days as the talking heads move to elect their man.  Business channels such as CNBC are trying to move Romney cheering to a new level as evening hosts  Kudlow and his sidekick, Lisa Something,  try to connect concepts of a fee market America with own ability to reason.  It might be interesting if it were not so pathetically shilled.  But I like watching Kudlow because its like watching a carny trying so sell you a product based on sincere nonsense.   You'd never by the crap but its fun to watch.

So markets have two more months to make everyone happy.  The moves have been anything but exciting and the bulls still dominate.  Fed forced feeding keeps rates down and balloons asset prices while sellers standing in front of the Bernanke equity train are thinning.  Bears know the action requires quick feet and if there are any downside victories ahead they will come out of nowhere.