Consumer Confidence Rally? What a Joke!

It’s such a joke to see the rally on Monday, based solely on a consumer confidence report. Needless to say, this joke will be discovered very soon and the gains will be given back shortly. We continue to remain bearish on the stock market, our advice is to take profit from Monday’s rally and watch the market retract the rest of the week. The hot air balloon is primed to bust in the short term.