Your Economy (No Politics)

[marketmaven]

Bullwinkle, thanks, note constant UP consumer credit revisions

Have you noticed that Oil and U$D issues do not seem to phase the markets as they once did? A dollar move in Oil would roil the markets and so would dollar strength at one point in time. The COMP and DJTA which led us up over the last few months are no longer leading, they are more or less attempting to follow the SPX and DJIA which seem to be doing better than these. New fund inflows have not moved this market in a substantial manner, T-Note auctions have not gone very well and yields keep falling while spreads continue to tighten, so much so that the flat yield curve is beginning to invert. I have to ask, what is going on out there? Are these not warning signs to be taken seriously? It appears that anything short of an actual crisis will not garner attention. This looks like a perfect set-up where the smart money has the majority believing they are about to miss a big move up. Complacency is rabid and the majority of investors are driving with their eyes closed. Make no mistake about it, we have a lot of gamblers out there and I would not think that they need to be reminded that the casino rarely loses.