Monday

Since it is a shorten trading session the damage today will probably not be too bad. It will be interesting to see how the market behaves Monday after all of the big wheels on wall street get back from their holiday. That will be the big tell about how this market will fair into year end. So far today the selling has been across the board but it is not as bad as I was expecting. The dollar weakness is going to be a long term negative trend. Another fear creeping up is that if we have a real strong holiday shopping season and if inflation stays strong the feds next move may be another hike and not a decrease in rates. That would be a negative for 2007.