Bull market in stocks again

Still in a bull market.

You can write this down, it's a bull market until it stops.They'll continue to go higher until they stop, until the trend lines are broken, and they haven't been.Those who continue to try to sell it short find themselves scrambling almost all the time.

Gold doing well in Euro and Yen terms

Gold, however, funded in euros or gold funded in yen has been a wonderful winning position

Fed's next move

Really after all the smoke clears, what does it matter? We'll get a 25 basis point increase sometime and they'll (the Fed) probably stop for a long time after that before they raise them again.