What did he say?

Raise taxes on producers. Give to government. Government takes their tribute. Government doles out a wee bit. Yup…that’s going to help.  I can be long-winded and sarcastic but that puts it in a nutshell. And oh yeah…we must fight global warming. I mean climate change. THE GOOD NEWS! The Republicons are now in power so hopefully none of this nonsense gets done. Frankly, I wish they would all go away for an extended sabbatical.

Markets are awaiting the ECB’s move on Thursday in where they will print a crapload of more money in order to buy bonds that are already yielding zero or even less. Yup…that’s going to help also.

Markets are rangebound in where patience is important. The good news about sitting markets is that the next good move is more easily identifiable.  We are paying attention to biotech and semi leaders as well as a few restaurants as they trace out ranges to potentially buy off of. If they don’t move out, there will be not much to do.

Except for oil stocks starting to outperform the commodity, not much more to add. Just sitting and watching.

Hey…the Knicks won 2 in a row leaving them at a fabulous 7-36.