Isn't that somethng

This is the second day the market has ignored bad data, and Europe as well for that matter. I've said it before and it should be said again, "When Wall Street runs a cycle, nothing stops them until/unless they lose control of the market".

Today Initial Clams disappointed at 417k on expectations of 405k, the market may be ignoring it today, and it looks like what I've suspected for several weeks, Wall Street is running a cycle, but on the next eg down, this will be thrown n the discount mix.

Take note of financials, XLF up already +4% and BAC? Up nearly 20%! Remember that head fake? Buffet s said to be buying $5 Billion in BAC preferred, you think that wasn't known Monday (Merger Monday)?

Any way, I'm still here in typically sunny South Florida, where the Hurricane is supposed to miss us, but we just had the tail of a feeder band whip through with the sideways ran and all, with at least 30 mph sustained winds and tree parts flying everywhere, hopefully we'll keep power today.

It was quite something to see the European futures drive higher on a no win situation and then the US futures! If anyone has any question left about who really runs and moves this market, today you have your definitive answer.