..Sustainable?..

Is the day and change rally sustainable?.  Guess, the thinking here is simple considering we were going short the SPX end of day.  The good thing is we get any fantasies of an extended run out of our heads quickly as the market does all it's talking in a very fast way, as in 10% gains in hours.  Our emotions don't need to be build up over weeks only to be let down once again.  It hurts more that way, this is better. The only thing that could sustain this is the fact it's a holiday week and most may just rather wait,  maybe even let this market climb a bit more into some potential bad news till next week and than go short.

The past few days, the market is just glowing from a strings attached save the bank bailout and a new 'dream' team administration.  Our question to the market is how fast will you dim this light of hope.  Besides,  we know the market has short term memory and likes to just go on to the next piece of news.    Life simply goes on around here and it becomes realistic once again, sooner than later.    We've just witnessed this in October as 2 day rallies became useless,  this one should too.    We have more recessionary data on the way this week, starting with GDP and consumer confidence and that should sober up the market quickly to the severe downturn in the economy.

Just keep it keep it simple the rest of the week with major indices ETF's,  but that includes keeping away from those FAZ ball's 3x.  Did you see some those today?.lol.   As far individual stocks,  don't get suckered in buying because you see your watchlist glow green with stocks up 15-20% and think you missed something.  These only look good because they are so cheap.   Remember what you really missed is the huge drops for days and weeks that allow such gains now.