I mentioned I flubbed it yesterday right.

I've pointed out the consolidation triangle.... which most likely will resolve down....

BUT if this market breaks 150-200 points in either direction get the hell out of the way.....

I had some thoughts on the stagflation trade... it's apparent to me that this is going to be the talk of wall street this quarter, as materials will rip, and this will scare the market...

it's just like the oil trade... oil will go to 150 and that will be bad for the market because it will kill demand...... I expect a couple of quarters of continued growth because you have to finish what you are building, but new construction will get too expensive... as will everything else.....

I guess my thought is that we should expect range bound trading for a few years... +/- 10-20%... maybe taking a step down 5% every 6 months to a year...... This is my expectation for this trade.

Just some ideas........

Umn... Like many days, I'm going to lay back in bed and see if I can catch some more sleep before the bell.... One of these days I'm going to manage a good 6-8 hours of sleep every night.... in the same stretch.

Funny Joe Kiernen declared the "No recession" based on the high materials..... Funny how people don't get the broken record nature of what they say.... This is just like what was going on in October and December.... "High Materials" has to mean good economy..... When really it means "Inflation"