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“Sell in May and go away,” my ass.
To be honest, it should have been crystal clear when I got the special “Interim Bulletin” from the boys in Gainesville two days ago. Any time the market really seems like it’s totally done and will enter a free-fall, they send out one of these things. It only happens once or twice a year, but I don’t think any of them have ever preceded anything except another rally.
So what has transpired in the two days since then was predictable……….
(more…)With the /ES up 0.04% and the /RTY up 0.01% as I am typing these words, the equity futures markets don’t exactly scream out for conversation. While we wait for something – – anything! – – to happen, let’s take a breath and consider Bitcoin, which is worth precisely one-third what it was a couple of years ago.
This is just so, so sad…………
