RECAP

Up most of the day but a weak close. Maybe a pullback is in hand. The S&P was actually down on the day. The all important GDP number are out tomorrow. I suspect there will be some profit taking ahead of the weekend. Who knows what could happen between now and Monday.

The chips and homebuilders were leading today while the miners and airlines lagged.

I think a lot of people are in disbelief at the strength of this market and the fact the Dow has been up 18 of 20 days which is beyond belief.I think we will finally get a pullback starting tomorrow and into next week. Then again, if everyone is waiting for a pullback it usually does not occur.

Interesting videos with Economic Hit man John Perkins.