Truly, I hate for the theme of every blessed day to be Wow Isn't This Market Awful?, but that's pretty much what I've got to say. You know where the $NDX was a month ago? About 1420. Do you know where it is today? About 1420. We've spent the entire stinking month whipsawing everyone to pieces. Both bulls and bears alike are knee-deep in whipsaw dust.
And if you look at the /ES, you can see how – in the words of Elvis Costello – it seems to be "spluttering to a stop":
Will this thing just flatline at 900 for the rest of eternity and we can all just go home?
As I've mentioned (ad nausem), I've never worked so hard just to tread water. One more day of this lousy month left. I've had it with 5/2009! I think I'm done for today.
