That’s the big question now that the Stess Tests are now over.  With the SKF ip nearly 15% on Friday, financials can’t keep running up at such a blistering rate can they?  One would not think so but many say that the rally is far from over. It’s very interesting to see such a divide [...]

I wrote to somebody yesterday morning and told them that there were three options with the stress test results: Either the market goes up, down, or nothing at all. That is problematic given the huge uptick in the S&P 500. All of these variables are confounding the best traders in the business. Just as many say that the market is going up as there are people saying a correction is near. At some point we have to say that we just don’t know and make some trades around that.

I had a stress test once. It was more of a routine test because my family has a history of heart problems. Being a runner, I thought for sure that I would make those doctors miss lunch I was able to stay on the treadmill for so long. It really is simple. They start an IV in your hand and inject some magical die so a machine can see pictures of your heart. Then they put you on a treadmill and make you walk. Easy, right? Well, no because they put quite an incline on the treadmill. It’s tough and this overconfident runner didn’t stay on the treadmill nearly as long as he thought he would.