Who Cares?

Really, who cares? They are back anyway. The DTR in yesterday’s posting finds relevance only among market soothsayers who think they can defy the investment advisors claiming: one cannot time the market. Conspiritists make good contrarians. As such, I hold that the advisors only preach that dogma because they can’t. Liquidity theory holds that there exists a statistical correlation between Federal Tax Receipts and market movement, when viewed year over. It is fun to watch, and sometimes it helps with a timely decision. It works for me. Yesterday was down 4% compared to 1/5/4. Month To Date blows out MTD ’03 by 22%. YTD, that’s since 10/1/04, has grown 9.5% over last year. http://www.fms.treas.gov/dts/ In a perfect world, the increase in the Dollar against the Euro would attract some foreign capital as well.