Posted on 08/23/2010 4:15:18 PM PDT by The Magical Mischief Tour
There’s a blind CIA agent on a show called Covert Affairs. He’s got this strip with holes in it, and the proper Braille characters are raised to match information on screen. I don’t know how much of that is real.
DUM DE DUM DUM
DUM DE DUM DUM
DUM DE DUM DUM DUM!
I took this seriously when the 0bama administration admitted last week that the Economy was Lost.
Now we’re just waiting....
Some of us are poor enough that such warnings are of little consequence! LOL.
Today’s investment tip: Food, guns and ammo!
There may be a lot of behind-the-scenes defensive repositioning and rebalancing going on right now.
I already bought the big bag and lots of butter. I wanna watch Zero go to the bottom with the market.
Thanks for the ping!
Thanks for the ping...eyes wide open. (We’ll see)
Yield!
Geesh, I didn’t realize all the ramifications of that one word. Still, that’s the theme a’coming.
Interesting, thanks!
It's a zombie now, reanimated by voodoo fiat debt.
It can go feral and eat everyone's flesh at any moment.
LOL! Brilliant!
Ping
We “Better Call Saul”
America will be far better off when that soros creature heads off to hell where he belongs...
With or without this indicator, the market has been giving off signals and patterns that show that there has been a contest between the bull and bear positions since, oh, May in the market. The “flash crash” caught a lot of people, including pro’s, by surprise. Now an increasing number of people (including pro’s) do not trust the market, and there is little, if any, conviction for a major move in either direction at this point.
That’s where this indicator (the HO) comes in and shows that the limp volume, coupled with advancing indexes and deterioration under the indexes, is a sign to get out. Well, no duh. About 50% of the volume in the market is concentrated into about only 99 issues thanks to HFT, and with cap-weighted indexes, they’re gaming the indexes while the broader market is deteriorating.
Now we come to the seasonal issue: We’re coming out of August, a very lackluster summer market into the most notorious month of the year for the market, September. Still, we don’t need the “HO” indicator to get worried. People who have been around the markets long enough know that while the popular press likes to talk up the fantastic crashes that have occurred in Octobers past, it is September that can really maul your account in years where there is no fantastic crash.
HO or no HO, I’d be quite cautious going into September this year.
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