Simon: Quick Look at the Markets

i've been away from the markets for a few days and to my shock, i see that we are in a very bullish upswing once the lows from august were met on the SPX and DJIA...based on a quick runthrough of the index charts and also some of my favorite stocks, i think that this runup is about over. volume is of main concern to me. any reversal on low volume has a high probability of failure. maybe tomorrow's fed meeting will bring great news to the bulls causing a huge influx in volume. if that happens, my view will change. but as for now, i am bearish. despite the public's overwhelming belief that interest rates will indeed be cut tomorrow, i have major suspicions about it. based on my analysis of the news and what mr. bernanke should do, i feel that the fed will cut 0.25 percentage points but with very bearish comments that will drop the market. that is likely and also a non-cut is likely. the dollar is the priority of the fed. for them to move based on the stock market is stupid and not part of their duty. pisses me off to see the fed into the stock market's business. first it was greenspan's idiotic moves, now its dumbass bernanke. when will they wise up and stop fucking with the market and let it collapse and recover by itself, instead of dragging in amateur stockpickers to lift up the market with news of rate cuts. don't know if bush fucks up the country more or the fed.