SHORT AND SWEET AM DATA

BRIEFING.COM CPI ETC

The Gov. control the data, the Gov. manipulates and distorts the data. We have deflationary trends in things we SHOULD care less about, we have steep price increases in things we can't live without, food , energy, insurance, tuition, and health care.

Market is going NOWHERE, I see "smart" money has exited. I see the FED continue to tighten.

You buy a market with falling interest rates, a FRIENDLY FED, you SELL a market of RISING interest rates, and unfriendly FED! IMHO

We have a market that historically is overvalued, with same for dividend yields at historic lows. SO no bear market bottom has been put in place.

Since 1998 we have had only 9 weeks of majority bearish opinion, we have had historic string of majority bullish opinion/sentiment. VIX near historic lows.

Last Bear Market had something like 40 plus weeks of majority BEARISH SENTIMENT.

Pick your battles, bob and weave, hit and run, be careful. This complacent haze could end in an instant. IMHO a TOP of significance could already be in place.

AS reported, low CPI etc should JUICE markets, let's see. But you know better than to trust Hedonic, seasonally adjusted, self motivated gov data and how the financial media hops on every minute figure or the latest catch phrase to describe the action.

Duratek