With stocks like C, IBM cheerleading the way higher on open, any failure to hold gains this afternoonwould signal a measurable reversal.
This reversal if it does happen, sometime in next two weeks, will be markedly different then the indistingushable pullbacks we have had these last two weeks. I think we go higher this afternoon as per previous trading patterns.
The bond market moves of past several weeks have not very subtle.
We just keep following the trends which in my opinion is higher until after elections.