The market move up from the November lows has been impressive. The market has held up well in the face of bad news in the past week. The Thanksgiving trade is doing very well and the seasonality remains strong into mid-January.
Volatility remains high. Can the market continue to rally into the end of the year? Into January? Bigger picture, will the various bailouts allow us to avoid a major deflationary collapse? Even if that can be avoided, will there then be an inflationary collapse?
Can we make it safely to Whitefish Bay...
The ship and the wreck is described here. The Gordon Lightfoot song MP3 can be downloaded here. The song lyrics are here.
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