News Driven market ?

**(let me add.....This AM data EX OIL import prices rose 2.9%!)


Now we are "news driven"? No longer a normal functioning market? One that "looks" like it has "defenders"?
So far, the rally from the last decling is near the .382 Fib retrace, should it fail here, we should find out, would make it the weakest FIB retrace of the series.....book still open of course.
Trading is as oil does? When has a single component been eyeballed as deciding factor?
OIL has already done its damage IMHO.
Trucking exec commented he didn't get effected by higher oil because he just "passed the extra expense on to his customers in the form of an oil surcharge"....of about 10%. Then that would make the delivery to the dock or location where the good would be sold or distributed from MORE expensive (landed cost) then ANY MARKUP would be based from the LANDED COST.
As I see it, net of any tax CUT from the BUsh administartion, average Americans because of added costs due to price increases for almost everything are NET LOSERS.
Independant org. concluded that the top 10% of the tax payers got 80% of the tax cut, the bottom 90% got 14%.......is that good for AMerica, consumption and fair and equitable?
Remember, the dividend tax cut hardly effects the avg investor, IMHO.......and that is where 50% of the $1 trillion or so STIMULUS went.
As we see, US BUsinesses for whatever reason find VERY LITTLE reason to invest HERE.
It has been left up to the US consumer, he HAD been responding, and now that has left him DEEP in debt, from this level of indebtedness etc? we launch a major BULL MKT?
where is the argument that we a ren't coming to or are at the END of this cyclical bull mkt?

Duratek