SELLING INFLATIOOIN

Futures are up again this morning. Can this be trusted? I doubt. There's a lot of "hammer" talks and some actions on Friday and it was wrong as the market fizzled at the closing. Again, I am looking for faders coming in the morning, and probably will be direction-less for the next couple of sessions until inflation figures. LEH announced all around decent numbers and it may pop up a bit, until the market turns around. This market is not buying good earnings, it is buying good inflation numbers (or rather it is selling bad inflation numbers). Commodities are flat, but stocks probably will decline. All in all, another slow summer day is ahead.