Oof!

Usually on Monday's I have to drive to Phoenix, about 95 miles from where I live, to work at our firm's office so I write something for the blog Sunday night and publish it Monday morning before I hit the road.

As some of you may recall I grew up near Boston so I am a huge Patriots fan. I am writing this in the 4th quarter with one very nervous eye on the TV screen. Teddy Bruschi is a big time play maker by the way.

Asian markets are have a big up day. Australia and New Zealand continue to lift and the Hang Seng is up huge as well. While I have not been able to keep the normal close tabs on what is going on tonight this would appear to be follow through from Friday's US rally. The question still is can US markets follow through and work higher? The VIX still concerns me but the market can rally in the face of a low VIX. I also like that sentiment seems to have eroded.

That seems OK for a short term rally but at this point I can't figure out what would cause a substantial rally from here. This is an important point. Just because there is no visibility for a rally doesn't mean it won't come. This is why timing the market can so difficult and why I don't try to do it.

Crap, Philly just scored with 1:48 left.