Yeaaah, I Am On Strike As Well... Easy, Ain't It?

Holding 7 million people hostage in NYC just before X-mas is no good way to ingratiate yourself to the general public and thus win popular support for whatever "issues" may be at stake. In the long run, the transit workers will lose. It's just the name of the game.

The SPX has retreated somewhat after reaching my pre-X-mas target of 1,275 the other day. Aggressive bulls should look to plough back into the market around 1,249-1,245 which was the upper end of the previous 3% range within which the market was well contained for a long, long time. I still expect the SPX to eventually make its way higher toward the 1,300-1,310 level by March of 2006.