Tucson May the 4th be With You
May 4, 2009
Post Tags: Bank Report Cards , Delusional Pill , Grandpa Warren , The Matrix effect of Wall Street
Using the 4th
Bringing Home My Report Card
I only get to say this once a year. I usually forget until it is May 5th, by then it is too late and I try and remember for the next year, but alas, to no avail.
Now that I have remembered I need a good reason to work it into a post on Tucson Real Estate.
The Report Cards Due Today
There is a rally on the stock market today. One which I did not predict. One which all indicators said would not happen. In fact those making such predictions for May the 4th were saying expect a down day as the Bank “Report Cards” were to be issued and some big banks were expected to have it revealed they got a D-
Like the child on the way home from school who already knows what the grade is the banks began softening up the beaches so to speak before the announcement was made to the parents waiting at home to either invest or sell of in their child’s future.
Grandpa Warren on the weekend helped to soften the blow by discrediting the grade from the teacher saying the student wasn’t near as bad as the teacher’s grade had indicated. In a sort of reverse to real school situations it appears the teacher believes the school itself will get a better grade from the powers that be if they give the students lower marks.
By the time the grades are being delived to the parents “That would be you and me, if you haven’t been following this” they had already pretty much moved on to Housing and Auto issues leaving the Banks to once again silently slip their D- grades onto the table.
While I took my cards off the table expecting there to be a run on the market because of the bank report cards I find myself once again taking the conservative approach. While not loosing any money (I have none in the pot) I’m not making any either. Now the question is buy in at the higher price or wait.
The Euphoria in the Air
I don’t believe it is May the 4th be with you which has brought about the rally. As mentioned above the Pending sales and Housing starts reports are showing positive numbers. The Auto industry seems to be seeing some kind of light at the end of the tunnel and it isn’t the demolition crew moving in as some had expected.
We shall see, what we shall see as the year progresses. Wall Street, still is addicted to the “Party” and will find any excuse to break one out. Any Excuse no matter how lame or how unreasonable seems to be the rule of the day.
Once it took the delusional pill to keep people from seeing true reality. The Matrix effect of Wall Street. Today, it parties on in spite of the reality and the lack of the pill.
If you really want to see the Rattler close up click on the image. But keep you mouse away from the mouth, they do eat mice you know.
