Nothing New To Report

The market made some moderate progress, nothing too exciting. Short term the trend is up, long term we're still looking grim.

Top Five Twitter Tickers

RIMM will take months to repair, and I have no love for their products.

Google barely budged today, and as much as I love the company, the stock is shit.

People who won the C game bailed early, but it might push to 7.60 before collapsing in half.

Another terrible tech stock. Macs are lame, Jobs will die, Vista will PWN U!

SKF gets more attractive each day at these levels, but the tide has yet to turn.

Long term caution is advised as this is a deadly rally for optimists and bottom pickers.

3 Ratios To Watch

American Equities vs. Bonds are rallying in a downtrend, but approaching resistance.

The stabilization of Miners vs. Gold reduces deflationary worries.

Relative to gold, the 30Y is bouncing off long term resistance, but remains in an uptrend.

Signs of stabilization are emerging as these ratios exhibit mean reversion.

If volatility can stabilize, we may be setting up for a meaningful uptrend in equities. Nevertheless, it is still too early to commit anything more than a handful of dollars to equities overnight.