Bulls Await a Signal from…Miley Cyrus

DaBoyz have been running their usual dog-and-pony show, but in tag-team fashion lately, buying Nasdaq high-fliers for a few days, then rotating the money into Dow and S&P stocks. Clever it ain’t, but the tactic undoubtedly keeps tons of OPM from growing lethargic. The goal is of course to have all the averages moving higher together, but this is more difficult to achieve when the headlines are focused on world news, as is the case now, rather than on such crucial topics as Quantitative Easing, Miley Cyrus and Burger King’s new lower-calorie french fry.