Monday, December 21, 2009

Nothin's Gonna Stop Me Now

When I looked at the $NDX today, I instantly heard a happy tune playing in my head. It took me a few bars to realize what exactly I was humming.

It was the theme to "Perfect Strangers." I'm totally not kidding.



I must confess that this is not unusual, since I'm a child of the 80's and happen to be obsessed with the campy pop culture of the era.

But why now, while I'm looking at the $NDX?

Perfect Strangers was, in every imaginable sense, a bull market TV show. A hopeful immigrant comes to America with nothing and achieves the American Dream -- what story line could better capture the optimistic social mood that was present when the show premiered in March 1986? (Pointless Trivia: over the next year and a half, the S&P exploded upward 44%. By the show's final episode in 1993, $SPX had posted a 91% gain).

Shouldn't I be hearing the theme to Dexter, or Six Feet Under, or Deadwood, or 24, or Flash Forward, or any of the darker shows that have flourished the last 9 years of this secular bear?

I guess a bull market theme is better suited for a day in which the $NDX breaks past this Great Bear trend line.





Bad news, Balki - it's not 1986. This time you're going to get detained by DHS, Jack Bauer will cut your eyes out with a butter knife and then Dexter is going to chop you into tiny pieces and dump you in the Gulf of Mexico. But not today.


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