CAPITALISM OR CAPITOLISM?:

In my view, despite the nascent recovery underway, the gov't still wants to intervene in its awkward way ( my book proof has been 10 days so far in getting to me via the U.S.Postpartum Service). Hypothetically speaking, if the Fed had lowered rates via the Taylor Rule to 3% instead of zero, the $3+T in MMFs and at least an equal amount of T-Bills, CDs, etc. would have earned its holders $180B a year more (1/5th of the Stimulus without the debt) and consumers would be much more confident and happy - just my take.

Sentiment and the markets remain lamb-like so far in March, with the only extremes the CBOE put/call ratio at 70 puts over calls - the highest since Oct.1 of '09, the middle of the rally - other high numbers occurred in July - the start of the huge upsurge; and an 84 reading March 6 - A Day That Will Live.....

While breadth remains strong, survey letters and CEO selling are getting a bit toppy.

Here are the stats:

MktSentiment	Last Week	Prev. Week	5 Yr HI	5 Yr LOW
DJIA:	10325	10402	14093	6626
Nasdaq:	2238	2243	2805	1114
S&P 500:	1104	1109	1561	683
CBOE Eq. put/call:	70	64	96-10/08	46-1/03
VIX:	19.5	20.0	90	8.8
McClellan Osc:	31	56	108	-100
McClellan Sum:	506	345	1568	-1514
Newsletter Surveys
InvestorsIntel.Bull:	41.1	35.6	63	22.21
InvestorsIntel.Bear:	23.3	27.8	54.4	16
AAII Bull:	34.9	35.9	n/a	n/a
AAII Bear:	29.5	35.2	n/a	n/a
Nova/Ursa Mutual Funds:	0.55	0.50	2.2	0.56
US Equity-1 week lag	n/a	0
Money Market Flows	-1.6B	-37.7B
ETF equity:Monthly Totals	Jan.731B	Dec.777B
Baltic Dry Index:	2707	2704	11700	663
Bullish %:	71	69	88	2
Insider Corporate Sellers:	32:1	35:1	108:1	2.4:1

With record numbers of dollars coming out of Money Market Funds, mostly into the crowded trade of short term bonds, anyone who has a minimal knowledge of covered call options and/or an interest in hedging stock market exposure might want to check out: brentleonard.com for an alternative strategy that is low-risk as well as highly rewarding. For those of you wanting more details and actual trading results, a new book is available for $14.95 at Amazon.com: Zero (IN)Tolerance

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CAPITALISM OR CAPITOLISM?: