Trick question. They are both white ninjas, however, Chris on the left may have been the more obvious choice. The white ninja on the right is the more sneaky ninja. The day started out with lukewarm overseas action and rather mixed data on the housing front. We moved sideways for most of the day and then something happened at around 1PM. We started to quietly drift north and then when the closing bell rang, we closed up a little over 100 points. Right now, the futures are just barely down. We get initial claims tomorrow morning.
The way the market has been heading lately, who knows where we'll go. Information gets twisted in so many ways (usually in favor of the bulls, I might add) it is hard to tell what way is up anymore. I don't really have much to say tonight since things were pretty boring today.
I just want to leave you with this article I read on SeekingAlpha.com regarding inflation and the CPI. Apparently, the author believes the CPI isn't really a true/good measure of inflation. It is an interesting article none the less. One point I definitely agree with him on is the fact that it is absurd that food and energy is always excluded when focusing on core inflation. What is the biggest problems that we face everyday? Food and energy. Never mind the fact that these two things are the biggest wallet thieves. If we exclude them we can feel better about price stability.
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