Insanity

This is insane. I don't gripe about the markets often. They are what they are and the goal is to take advantage of them and griping doesn't do anything. Today, I am going to make an exception. I can't see how the markets are not down at least 100 points. Instead as I type the S&P and Dow are up. You dig in the markets are they are down a little more. XLF down 1.2% and Russell 2000 down .3%. Still, the market's performance today so far has been awe inspiring. Asia down across the board, Europe down across the board, Oil up over $5!!! per barrel, Goldman and Lehman down over 1%, and somehow people are buying?? Sometimes all you can do is just shake your head. Volume again is next to nothing which may explain it. The Wall St. bosses are in tropical paradises this time of year while home is becoming a burning inferno but those at home are just maintaining the portfolios they have not making any large allocations bets bearish or bullish.

The most amazing thing of all (in my opinion anyway) is that the VIX is down over 4% today. Geopolitical tensions, oil, fannie and freddie, etc etc. are all rearing their flaired Cobra heads and the market reacts by selling down fear. Amazing.