May 16, 2006

US Markets wrapped in Kryptonite?

The last few trading days have seen big declines in foreign markets and metals.

The US indices looked ripe (my opinion only) for a big pullback but it has not happened. I am surprised but you can't underestimate the power of the American financial media and unless you have endless dollars, you can't be stubborn.

Lot's more data this week and the markets may still cave, but it looks like the US markets dodged a bullet for now.

Not so good for Russia and India and Japan the last week.

Seems like they need a Maria, a Cramer, a Pisani and a Kudlow.

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