I'm flipping though the TV and there are the topics:
CNBC is having the Detroit Auto Show All Access
Bloomberg's Money and Politics is taking about Iran and Bush's visit with Egypt and sudi leaders.
CSPAN is takling about AIDS/HIV prevention
Fox Business New's Cavuto is discussing the China Earthquake
Fox's Hannity and Combes is covering sex scandals and congressmen
Here are the top headlines in Yahoo:
⢠U.S. aid lands in Myanmar; crisis deepensJunta slammed
⢠Clinton hopes for win in West VirginiaLatest numbers
⢠Superdelegates put Obama within reach of nomination'08 race
⢠Bush sets off for Middle East, unable to quell its troubles
⢠Increasing coyote attacks in California prompt investigation
⢠Some old gas pump dials can't register prices more than $3.99
⢠Keyboards dirtier than toilet seats, consumer group says
⢠NBA Playoffs · NHL Playoffs · MLB · NASCAR · Golf · Soccer
The news indicator is very bullish.
No negative headlines and TV specials about recessions, credit crunches, liqudity crisis, consumers being 'maxed out', credit card debt, housing bubble, forclosures and all the other topics bears seem to obcess about. No one complaning about 'pain at the pump', rising food prices, rising oil, inflation, CPI/PPI, the war in iraq going on 'too long', McCain being Bush's '3rd term' and 'too old'. No one taking it to the streets. There is scant media coverage of these topics because they are not a big deal, except to the bears obviously.
This means it is time 2 buy stocks. People are over analyzing the econ data due this week. There is no need to. The market will probably rally off the news. Even if it gaps lower, the market rally the same day or following day as it always does. Since March lows the market has been in a steady uptrend and this uptrend WILL NOT reverse anytime soon.