Market Performance

It's now Thursday. The market performed this week pretty much like my experiences told me it would. What about next week?
I think it will be a down market for the following reasons.
1) There's no good reason for it to go up. Where's the forklift to move the boxes? I don't see one.
2) We're in the summer doldrums, classically important red-light period. This means relatively low levels of news. We need to get to the next earnings season. That will happen as we move toward October.
3) Politics has the market a bit fearful. Never have we had such an anti-business administration, even worse than in the mid-1930s.

4) The tenth year anniversary is just around the corner, and so might be our next terror threat. I surely hope not but there have been statements which need to be taken seriously. After 9/11, and nothing has happened, we'll all breathe a sigh of relief.
5) If you are a bullish option player, these scenarios won't play out until after the September expiration date of the 16th.
6) The economy is not going anywhere quickly. I think this negative sentiment is already built into the market prices.
There's more, but this hits the highlights.
HOW TO PLAY?
1) If you are selling covered calls, sell in-the-money calls. Sell everything above the strike price you think the stock will move to---usually the strike price with the most open interest.
2) If you're trying to accumulate a few shares here and there, look for bargains. Read again my blogs on Bank of America/Buffett and see if that knowledge applies to your efforts.