Each week, I usually write a summary of how many UP and DOWN signals I gave and try to fill that in with some color commentary about the market. Going forward…I will only be doing that if I feel like it’s meaningful. Otherwise, if you want to find out what changed, you’ll have to sign up for using the database (which is FREE by the way.) I am cutting back on anything that I can these days to focus on the research, meetings, phone calls, emails, etc. associated with what I will be doing after shutting down HEDGEfolios later this year.

So one last time…..I gave more UPs (152) than DOWNs (95) this week. Personally, I think the market is delusional if it thinks that it has discounted all the problems in the credit markets and the economy. As for inflation, I find it hilarious that those economists and market participants who have denied inflation has existed for years are now suggesting that today’s inflation data was already known and priced in. Kinda tough to price something in that didn’t exist.