Mega-Vulnerable

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The typical yo-yos were trotted out on financial television to tell people Everything Was Great and that the Economy Was Sound and that they should Buy Stocks Now. What a bunch of self-serving imbeciles.

Just one glance at the daily SPY chart tells you what you need to know; just one surprise could yank the carpet from under this market and send it collapsing into oblivion.

tick-tock

The monthly jobs report comes out in the morning, and it’s anyone guess what the effect will be. As I type this on Thursday evening, however, it looks like the people of Earth aren’t paying much attention to the permabull Tom Lees of the world.

ES minute chart