The market melt up lives on while Goldilocks continues to skip through bubble land (85 days and counting). I am seeing some short sellers capitulate and warnings to close open short positions so perhaps this very long rally is nearing its end. Time always tells the truth so we shall see how things unfold.
Thursday’s economic calendar:
Monthly retail same-store sales
6:00 Monster Employment Index
8:30 Initial Jobless Claims
10:00 Pending Home Sales
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Posted in: Morning Coffee
Posted on December 2, 2010