What Everone and His Mother ‘Knew’

Stocks are off to a rotten start yet again this morning, adding to the evidence that everyone and his mother began the week certain of a Santa rally.  With buyers already all-in, there is only short-covering, the bull market’s best friend, to drive stocks higher. This is bound to happen, but later rather than sooner. My expectation is still for the expected surge to kick off next Wednesday.