Thursday, July 23, 2009

What happened to the cheap homes?

Only a six month supply of homes under $250,000.

Wait--That wasn't supposed to happen! Didn't the bears tell us that?

And the SPX. Why is that breaking out? I thought we were supposed to rollover?

And the NASDAQ--up for the 12th day in a row. That wasn't supposed to happen either, wasn't it?

It's all HFT! High Frequency Trading.

Oh. Gimme a break.

Stocks are cheap, and every day, we have the dumb downed folks telling us otherwise.

We aren't rolling over, and we'll be at all time new highs next year.

So deal with it.

And get out of denial.

And speaking of that, it's time to buy Blue Nile (NILE 46.81) again!

Love is in the air!

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