kaltbaum email

The market has been churning in a narrow range the past few days with neither sellers nor buyers able to move the needle…but it will move…and probably tomorrow with the fake job’s report. My guess is a near term upside move…but it is only a guess. It is based on europe breaking into new highs, emerging markets moving above some resistance and financials getting the bid again. That said, growth sucks….really not getting any bid with best names just sitting. Even if we get another near term move up, I am still worried about January but that’s for another day. I will be back in the morning after the fake job’s report comes out and the rigged market reacts.