Out to Lunch 4.9.10 - Lather, Rinse, Repeat, Repeat

There's no getting around me saying this right now, so I'm just going to say it and get it over with (then, hopefully never talk about it again)... The futures are pointing, um, "North"... Of course that idea helps some and hurts others (depending on how you're positioned, I suppose)... CV keeps waking up and try to find SOMETHING, ANYTHING, that would shock equity markets back to their senses, but we seem to be stuck in an endless cycle of "Lather, Rinse, Repeat" (and frankly, there ain't much RINSING going on - as the case may be).

Here we are on ANOTHER Friday. This weeks "rinsing" came at the hand of MOMO Mondays, followed by some lukewarm bill & bond auctions, all under the cloud of Greek bailouts, and central bank chairmen flapping their gums. Yet here we are poised to end the week with the 6th straight WEEKLY green candle (& the 8th out of the last 9)... Such a string of weeks (6 straight) has not been achieved since the first six weeks off the March '09 lows... What makes it difficult for BEARS (if there are any), is that for almost the entire year they've been conditioned to see "short covering" on Fridays in anticipation of "Melt-Up Monday"... I'm DEFINITELY not making the case that it will happen again here, but there are Pavlov's, & there are dogs...

If you happen to be the latter, chances are that one day you envision yourself having this conversation with your friends, but today may not be that day.

Creepy that Pavlov bears a striking resemblance to Bernanke!

If you've been reading the comment section of this blog the past week, you might recall various "psychological" and/or "technical" numbers being tossed out... DOW 11,000, SPX 1200; plus some more technically oriented numbers like the 1220 range on the S&P... Keep in mind that even the HIGHER numbers are only around 3% away from where we are right now... Markets can move 3% INTRADAY on euphoria... They can also sell off to the same degrees on panic... It seems the RomAmericans like their Gladiator Games to be more spectacular as time progresses, so it appears that TPTB seem content to drive us headlong into what will end up being an increasingly more spectacular crash... Have fun while it lasts!... And you know what I say? Don't even bother to stow your tray table in the upright position for landing... Live life on the edge!... Do you really think stowing your tray table is all that important as the "wizard" engineers his SOFT LANDING?

Or, if all this bothers you? Just go check out to see what Tiger is doing.

Look! Tiger is in contention! Let the cussing & club throwing begin!