Naysayers Everywhere

The market gave the signal yesterday and the naysayers are piling on this morning.  Maybe they are looking at the wrong leadership.  We expect oil, gold, and commodity stocks/ETF’s to lead this next move to 1050 on the S&P. 

A lot of eyes are focused on the auto deal. This should let the market sneak higher while the press focuses on a non-issue.

In terms of leverage ratios based on equity in the total portfolio we are currently at net long 0.91 in stocks, net long 0.31 in combined oil/gold/commodities, and net short 0.12 in T-Bonds.

7:51 AM CST