Wish we had something new to say!

Another semiconductor buyout! Another day of sitting. More rumors of other buyouts. Yippee!

To be brief today:

Major indices remain in range with half the market still blah and the other half in gear. Transports finally had a decent bounce on Monday but that’s all it is so far.

We still worry about the one-sided trade, too much margin, too many ipos and secondaries, assinine biotech valuations and of course, the biggest bubble in history…THE BOND MARKET.

As we write this, futures down nicely as the Euro soars.

I will be appearing on Fox Business Network today in the 1-2 pm hour with Neil Cavuto on his new show Coast to Coast!