Blah, Blah,Blah

That's what I think reading this morning's financial news, the market is up because of a return to Monday morning merger and acquisition activity, the elections in Australia, etc, etc.

The market is up because the powers that be wanted it up, we saw it first on Friday, I posted the chart, stocks were under accumulation and all of the reasons the media can think of really don't mean a thing. All the M&A activity didn't just get decided this morning, it's been in the works for sometime and thus most likely already discounted into price. Look at the gain in PAR, which is at the center of a bidding war between HPQ and DELL.

So this is another lesson in the market if you didn't see the crash series I did showing none of them were a surprise to insiders that had been moving out of the market months before they occurred. It's the same idea at work here.

Please, be skeptical of what you read, it's entertaining and it lets you know what was behind something big that might have happened, but it's usually too late to be worth anything more then entertainment value.

On another note, thank you for the well-wishes today, I'll be thinking about all of you and getting back to work ASAP.

Have a profitable week!