Bulls Looking For Shelter

The bulls has been left to fend for themselves with little support from even the most ridiculous upside cheerleaders on business news stations. Even the Fed has told Wall Street not to expect any more help soon now that it believes financial institutions have at least weathered the worst of it. The current administration and it's Treasury seem lost to financial concerns as they have been to most issues over their term and have no interest in defending this market despite the Plunge Protection Team theorists wishes. The natural buy hedge structure of stock markets, created by the long only strategies and ever vigilant MBA's concerned with shareholder profits, has always been a hard nut to crack for the bears. Except for the occasional death dive plunge in prices, indexes such as the DJI have become forces built on the thundering legions of cash from pensions and hedge funds. Faced with the growing fear of rising interest rates, a potentially hostile future administration, and continuing bad news from banks and brokerage, the bulls are searching for shelter.