Another Inflection Point?

Today may be see another short term inflection point in the U.S. stock market. I suspect that we can continue to make incremental profits from this market by trading. However, the long term is not positive. But, hey, what do you expect in an environment where the U.S. government is run by a corrupt group that shovels tax dollars into the hands of their cronies, commits the world's only superpower to a suicidal and imperial strategy, and allows the domestic infrastructure to deteriorate? I'm also not sanguine about the ability of the Chinese government to avoid making some serious judgement errors going forward. The communist leaders in Beijing are not immune to hubris and after almost 30 years of rapid economic growth hubris should be growing at Zhongnanhai faster than mold in New Orleans.

Yesterday's purchases included shares of Mittal Steel (29.02).