The WWW is lit up with predictions that tomorrow's inflation numbers will come in way below forecast and cause a big stock market rally. Given the fall in commodities, used cars, etc. prices that the media has been reporting the last few weeks, the good inflation numbers certainly seems likely, but why in the efficient market heck isn't the market rallying big time in front of tomorrow? The DJIA is up 160 or so today, but that's just a cake walk. Where's the fireworks? If every mother's son knows it, why isn't the market acting on it now? Too many bears still prowling around I suppose. Well, if the blogoshere is right about tomorrow's numbers, it will be an open season blood bath for those bears tomorrow. Happy hunting.
Regards,
Douglas