Bubble Ben

We are at the mercy of Bubble Ben and his endless flowing liquidity gun.  You'd think deflation was everywhere with the way he's printing money.  Inflation without food and energy and with hedonistic price adjustments is probably close to zero.  But then again, when oil was at $140/barrel, the inflation number was also quite moderate.  As long as government entitlements, TIPs, and quantitative easing are determined by the CPI, the CPI will always vastly understate inflation. 

I expect us to trade weaker off the open, with late day strength.  It should set up a decent down day for Wednesday.