Pointless day

Bulls have a couple of things going for them:

1.  The market didn’t DIE after everyone read their morning paper that the bull market run is officially over….or some other hyper-exagerrated claim of yesterday’s events.

2. Texas Instruments beat, furthering the case that semis, which tend to lead the way, are leading the way HIGHER.

3.  Other earnings were not good, and the market is stable.

Bears on the other hand, can just call this consolidation between big down days and move on, without really being nervous about their positions with SP under 840.

In other words, everyone can make their case today, which makes it a pointless day to read into.

Personally, I could go either way here.  I’m positioning myself into large quantities of CROX and MDR for longer-term holds, and trying not to watch too much of the tick by tick madness.