I am ashamed to admit (as I already did in the comments section in the wee hours this morning) that I woke up at 3:30 this morning, worried to pieces about the Big Vote In Germany. Once again, I had this vision of the Dow gapping up 1,000 points and having my profitable quarter killed just hours before the close.
This "end of quarter" stuff is psychological torture. I hate it.
Only seven trading hours to go until the end of the quarter. Just seven more hours.
In any case, the green arrow marks the point where the German government overwhelming passed Euro-TARP. And, gee willikers, you can see what an amazing and astonishing hockey-stick explosion to the upside it made for the Euro. Goodness gracious me, I sure was smart to be worried.
We need to get it through our thick skulls – or at least I do – that:
(a) Greece is doomed;
(b) The Euro is doomed;
(c) The S&P will hit 1050 within weeks;
(d) The Dow will be under 6,000 by early 2013;
(e) All these votes, referendums, court rulings, and rumors are just a total and complete distraction from the steady drip, drip, drip that is going to take place to all assets as they waste away.
Shame on me for worrying. Shame on me.
