TUESDAY WRAP

Not much to say really. More of the same, putrid volume, trading range bound until it isn't. SO many write of the Chinese miracle, yeah who are they selling to themselves? And 1/2 their stim money went right into real estate and stock speculation, gee that sounds healthy.

A lot of things could collapse and all at once. In a manipulated market, with GS running amock, with promised transparency apparently not so transparent......in the SHORT TERM anything is possible, in the end nothing will stop reversion to the mean. And this rally doesn't look like ANY rally from ANY bear mkt low.

D