Too Many traders

  

The market just feels like it has too many traders trying to trade a hot July market.

1) Let earnings get rolled out and anyone who expects upward guidance is dreaming. CEO's are now not paid to take risk (a challenge for America) so be careful.
2) Wait for yet another Fed meeting next month and to see how the BOJ will act.
3) Wait for the fall elections..the Dems are self imploding...should not be a problem
4) Just like the democrats the Islamic radicals will self implode literally..
5) Patience will be rewarded

Barkly seen here watching an A Scow race on Lake Minnetonka. The A Scow is thought to be the world's fastest inland water sail boat. The racing boat 38 feet long with 6 crew and Olympic class sailors at the helm is just what summers are all about here in Minnesota.