Pros Ponder

Markets on the defensive this AM trying to find support as earnings begin to be announced through out the week. Seemingly a more professional trade right now with the greatest potential surprise being a substantial rally. Political landscape does not seem to offer much since the common view is that none of the candidates would be able to create anything as dismal as the current economic environment on their watch. Though that would be a bad bet. Ugly thoughts are keeping many trenders from stepping-in as the nagging thought of a some dark economic storm strong enough to rip into great companies, 'boomers' economic nest eggs, and all that is holy, has many thinking twice. Since thinking is not always good for Wall Street the following chant is always helpful; "Up is good, Down is bad." This the algorithm used by many of the leading stock market mavens before clicking on the confirm buy button.