THAT IS IT

The bulls and the bears fought it out today and in my view there was no clear winner. There were about 800 more losers than winners and surprisingly the QQQQ closed the day unchanged. The SP 500 was red by 2 and the irrelevant DJIA was red by 28 coming up from its lows. The big deal of the day was the rise in interest rates and the liftage of the metals. I would not be surprised to see a nice rally in the equity markets tomorrow if the rates come in.