Stocks Bulls Relentless… No Thrust…Grinding Higher…

You have to hand it to the bulls. They are a relentless group that never wants to throw those bears a bone. They’re getting a bit selfish aren’t they? I mean, come on, every once in a while, the bears have to get some love. Don’t they?! The news overseas on the economic front over the weekend wasn’t good, yet, even though some foreign markets were down, our futures seem to know of only one direction. The low of the day was the open, but overall the S&P 500 traded in only a seven-point range for the entire day. When the VIX gets this low it’s harder for the market to flash major-league volatility. It gets a bit boring, for sure, but that’s the price you pay for increasing froth, which is clearly what’s taking place here.