When you got nothing good to talk about, tell a joke:

Two men are sitting at a bar: First one says, "I bet you 50 bucks I can bite my own ear". Second one takes the bet. First one then takes his false teeth out of his mouth and clicks his left ear a few times, then takes the money off the bar. Then he says, "Here's another bet you can't pass on: I bet you another 50 bucks that I can lick my eyeball." The second guy says, "I got to see this one", and puts another half c note on the bar. The first guy takes his glass eye out of his socket, licks it and puts it back in. Then he takes the money agian. Then the first guy walks away and sits at a nearby table with a couple of other guys. After a while they are all laughing, alomst rolling on the ground. The second guy up at the bar is now gettng mad, fuming, upset that they are making fun about his 100 dollar loss. The first guy comes back to the bar grinning. second guy says, "what is so funny?", getting ready to land the first punch. First guy says, "look I am sorry about your loss, I will give you a guarnteed bet, you will get your 100 dollars back" . After being burned a few times, the second guy is relunctant to take the bet. The first guy then says, "look here is the bet: the bartender here is going to roll a beer bottle down the bar, and as he does I have to take large drinks of my beer and then spit the beer back out and into the rolling bottle without missing one drop outside of the bottle. All you have to do is stand behind the bar. If I do not get every drop of my beer into the rolling bottle, you win." After giving it some thought and thinking it would be impossbile to lose, the second guy agrees. He gets behind the bar just as instructed. The bartender starts to roll teh bottle. Then the frist guy starts drinking and then sptting the beer everwhere, including a large amount on the second guy, just about drenching him in the process; none of the beer gets inside the rolling bottle. The second guy is now jumping up and down in glee, saying, "I won, I won, this is great!". The first guys says, "Thanks, I just bet those guys at the table over there 500 dollars that you would gladly let me spit my beer all over you."

Note for the week:

I failed to mention the indexes took on another distribution day to make it 4 for the nasdaq and 3 for The S&P 500.in recent weeks. Tuesday's action involved a reversal--where the market rallies in early and then closes lower. If we see more distribution days going forward, there will be cause for concern that the current confirmed rally will end. I think next week will be an important harbinger of things to come.