Monday, April 02, 2007

Frustration creeping in

I am definitely frustrated this afternoon as the market turned into complete mush. I guess we can blame opening day or the holiday short week, but its still Monday. Bulls are relentless in there defending of the market. Any kind of seasonal bias will be used to prop and put lipstick on a pig of a market. Seriously, its a finance based economy based on lending. If the banks aren't doing well then you can kiss everything good by. They are the ones who lend to the shit box junk bond market where defaults are several deviations away from normal.

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