The equity markets seem to be infected with the holiday blues. The break of the rising bearish wedge today most certainly brought out some sellers and added to the decline. Of course volume was light since it's Christmas week, but today was a negative any way I look at it.

It appears that the best the bulls can hope for is a continued sideways chop until the New Year. If that develops, that elusive quick move higher I've been anticipating could emerge. Quite frankly I'm getting tired of waiting. That, however, could be a good sign. The market will frustrate you out of your position more times than not and then deliver just what you had expected all along right after you give up.

But let me warn you that this could turn serious if the market can't better it's recent highs soon. I'm not going to get into why, but lets just say that it matters. So stay alert.

The high grade and high yield corporate sectors continue to show strength and that should be a positive. However, I'm pretty sure it's some of what's left of the hot money making a bet that the Fed will announce a possible targeting of private sector yields. That, of course, would be bullish for the price of those bonds, hence the speculation.

The Big Picture:

The United States economy along with the rest of the world is in distress. We're still early in this process. There will be unimaginable pain for years to come as we suffer the consequences of the foolish actions of so many, leaders and followers alike. Many, many people will lose their financial security. For some of them it will seem as if their life is over. But it will only SEEM that way. 

You see, I don't care where you are on this planet as you read this. Life, a successful life, a peaceful life, a joyful and fulfilling life is baked with the same ingredients....faith, family and friendships.  I can testify to that. How about you Lindsey?