The Slope of Nope

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Could they make it any more obvious? Disappointment is the diet of the bears, three square meals a day.

Every time there’s any weakness, it is reversed within half an hour. It’s becoming as predictable as it is nettlesome.

I have – somehow – managed to stay in the green so far all day, in spite of an entirely-short portfolio, but the day’s earlier profit figure has definitely gone on a Slim-Fast diet. In any event, the Fed-controlled market remains in Fed control, “tapering” or not………

0513-es