If one looks over the business news lately, the sheets are full of quotes from the all the hedge and used to be investment bank chiefs. The previous Big 5 names still pop up and are always reviewing the current market conditions. Talent is over rated on Wall Street and even in Chicago when you consider guys such Citadel's Griffin, although the Windy City has always had the superior talent pool. Anyway, the view from the top of these organizations is devoid of any insight as to the future of the markets which is not surprising given the discovery that all the great trading income of the last couple of years were from mark ups from products that had no market.
Markets are tired and trying to base but you can simply look to companies such as GE to view the barometric pressure of things. That stock has got to get up and go or simply continue to be a symptom of the general cycle of liquidation adjustments which keep on attacking the market. A failure to hold and a rollover of these markets will lead to the test of the October 02 lows and that would not be pleasant. The new folks going to Washington should watch the price failure line carefully to avoid a deflationary scare which would claim confidence in all sectors.
