Tuesday, August 25, 2009

Market Feels Squishy

It feels as if the market is getting a bit squishy on us. For quite a while, the market showed us softness in the mornings only to close strong. But now, we're starting to see a bit of the opposite. In the mornings, we're getting a pop and then the selling begins. We seem to be forming some resistance. I remain long, but for the short term, I'm wondering how much higher we can go.

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I see the Post Office is offering $15K buyouts to encourage folks to retire. ... Beer prices going up? Bastards. Right ahead of football season, too. Forget cash for clunkers, we need cash for cerveza...