Wednesday, June 5, 2013

Wednesday afternoon ... Was that a speed bump?


Market hasn't had any good news this week.  It has had enough bad news that Gentle Ben is highly unlikely to say anything (or leak anything) suggesting the punch bowl is going away soon.  Be vigilant for signs of support but we could see a test of 1600 this week.

1600 Pennsylvania Ave is being tested too ... mostly because of scandal.  Take your pick: IRS line dancing or bad Star Trek skit or picking on conservative non-profits; EPA freedom of information fees; Behghazi cover up ...