well i've taken a couple of weeks off here from the markets but i figured i'd sign in to cast a vote as i completely missed the poll last week... i'm just taking a little break is all, enjoying some good 'ole family time this month and not worrying about anything... :) i do plan on coming back full-time again next month though... these are the last couple of weeks of the summer and i don't want to miss out on the good times, and quite frankly i just don't give a $hit about the markets right now... these moves we're seeing this month are completely meaningless to me... let's see what happens when all the big boys come back from their summer vaca... september and most definetly october will be most interesting imho. and it will have much more meaning when the volume is back to somewhat more normal. ya ya ya, so we're sitting at recovery highs right now, but where's the participation in all of this? it's a dead freakin' market. volatility at what 2007 lows? ya, that's about all you need to know... we'll see what happens next month when most traders are back at their desks... oh and one thing i wanted to mention here is how i'm surprised most people aren't talking about israel/iran. seems like everyone is so caught up with europe and china worries, but does anyone have any ideas what an israeli attack on iran would do to the markets? some folks i've talked to regarding this think it's just all talk and it isn't actually gonna materialize... i'm not sure sure about that. this $hit seems pretty serious, and i get the idea the iranians would totally welcome the war? personally, i'm a believer in that it will happen, it's just the timing which i'm not so certain about... i have one iranian friend who i've talked to about this who thinks it could happen anywhere between now and before the elections... that would be something. we'll have to see about that. i do think this will have an extremely negative impact on the markets when it does happen...
anyway enough of that eh...my vote for this week is flat.
there just isn't anything coming up on the calendar this week that i can see having a major impact on the markets in either direction... just another boring ass week if you will... i think it's just going to be much of the same crap as we've seen these last couple of weeks... not doing much of anything. chop, chop, chop and more chop. just close your eyes and go to zzzzzzzzz's... unless we get that black swan event, this thing is likely not gonna do anything for the next couple of weeks... just an extremely boring grind higher.
well back to hibernation i go.... hope y'all are enjoying your summer (or what's left of it). peace.