MARKET RECAP

Consumer confidence dropped , the housing data is soft and the markets ended significantly lower.

Inflation is still an issue. Maybe Bernanke will drop rates to ease inflation.

Goldman is raising a fund to buy out the entire market. Maybe they'll pay a 50% premium.

Over 2 million homes are expected to be lost to foreclosure over the next few years. Maybe I can finally buy that ocean front penthouse on South Beach.

Crude oil continues to move higher. Is a confrontation with Iran priced in ?

The economic picture is getting worse. In the short term however, I believe the markets will continue trending higher. Bernanke is speaking tomorrow and we all know how he rallies the markets. I expect early weakness followed by a Bernanke rally.