Farewell, vain world! I’m going home!
My Savior smiles and bids me come,
And I don’t care to stay here long!
Hello from the Google campus Starbucks, where I again take keyboard in hand to share some bearish thoughts for the week ahead. Thanks to my precious SlopeCharts, I am able to share some ideas related to worldwide markets, which I think create a pastiche of ursine possibilities.
Broadly speaking, I am seeing three different kinds of situations with these international indexes. Some of them had bullish breakouts which have since failed. Others are at extremely high prices relative to their broad histories. And others, like the Straits Times Index below, are getting repelled by overhead supply.
Well, I’m afraid July 4 did me in. After I posted the clip from the John Adams mini-series, I once again fell into watching the entire thing again. For those of you who have Amazon Prime Video, it’s available for $0.00, and it’s a marvelous piece of work (thanks in large part to the talent of Paul Giamatti and Laura Linney). Yes, I will be doing some “real” stock market posts this weekend, but I needed something to throw out there, and this little video tip was on my mind – – so I heartily encourage its viewing!