MARKETS & TRADING

[Not_Bill_Oneil]

Dow high - More skepticism...

and many people remain unimpressed and cautious regardless of the Dow. Maybe even more so because it's not the Nasdaq making the news headlines.

I like it.

This was probably one of the few ways for the market to proceed to higher levels while leaving the crowd behind - a very unimpressive turn last summer in the markets, low volume much of the way since, as well as some other items (stealth action) mentioned in the past.

Hopefully, it stays this way for as long as possible with more "bad" news in the coming weeks keeping the crowd untrusting.

Hopefully too, the SOX stays stuck or heads down awhile longer (like more MRVL-type or options backdating news) even though some of the other lessor known semi related companies outside of the index quietly do just fine. Same sort of thing with the transport index - hope it dances around it's 200 ma as long as possible before plowing ahead like the SPX did two months ago.

And hopefully more media attention on maybe housing prices starting to "collapse" to levels not seen since, er, well, 2005.