S&P 1250 or 1300

The market is seeminly locked in a no-man’s land where the economic soft spot is offset by the belief that if it doesn’t get better, Bernanke will step to the plate.  My belief remains that it will take S&P 1185 to scare Ben. 

 The dollar’s upside breakout will be a function of the Obama administration holding fast to rebuilding the middle class and re-balancing the tax load to the upper class which has eroded since the early 80’s.  If Obama caves in to Kantor, kiss the dollar goodby.

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