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This Market Is as Boring as a C-Span Marathon

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Buoyant bank stock indeaxThe stock market has been as interesting lately as a C-Span marathon of North Dakota legislative sessions. Having to write about it each day has become so tedious that I might have to avert my eyes in order to avoid falling into a brain-dead trance. The irony is that although the markets have become as predictable in their boringness as the swinging pendulum of a grandfather clock, much of the action has been untradable unless one stays glued to index futures all night long, every night. Check out the chart of the Bank Stock Index (inset) to see what happens when financial garbage receives support from the Fed more or less forever.


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