end of November update

Happy Thanksgiving weekend. Shortened session on Friday. Busy month with the markets generally moving up and some stocks on trajectories to the moon.

Economically, nothing much has changed, easy money continues to be pumped into the system, the dollar languishes and gold remains strong if not choppy.

The major indices appear to be consolidating near their 200 DMA so we will see if they rebound or break their averages.

DJIA 11,092.00 -95.28

NASDAQ 2,534.56 -8.56

SP500 1,189.40 -8.95

QE2 - like it's 1999

S&P500 cleared the highs of April, the government announced they're buying another $500 B of bond and rates are going to stay unbelievably and historically low for the foreseeable future. Inflation? Who cares! Unemployment? Who cares! Cratering dollar? Who cares! Crazy valuations? Who cares! The good ole' USA has backstopped the markets and we the investor/trader/401k holder are going to reap the benefits.

Ben and the gang have us covered. Go long and go strong.

DJIA 11,444.08 +9.24

NASDAQ 2,578.98 +1.64

SP500 1,225.85 +4.79