Stocks rose today on a better than expected pending home sales number.
The volumes were remarkably thin. You know what they say about shorting a thinly traded market -- don't. But you may not wish to establish investment positions in them either. Thin markets are often a prelude to volatility.
You know what I think about this market. Do not get in front of because the Fed is feeding the trade, and providing what is likely to be seen as a false sense of recovery and complacency that can turn on a dime, or stray bit of bad news. But in the meanwhile it serves the more agile financial interests to keep it floating higher on a crest of easy liquidity.
