
Hasta La Vista, Comprehension!

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Went through the top ten holdings in EFA. Here are U.S. traded stocks with good setups or look ugly enough to support a bear thesis on EFA. I have puts on SAP as mentioned in the prior post and added ASML today because I expect a global bear move will be led by the tech components. Overvalued pharma stocks might be the second place to look for someone focused more on the MSCI EAFE specifically.

Friday was great, and people are already asking me to take airplane flights on a more regular basis, since that seems to be the ONLY time this stupid market is allowed to fall.
The Dow got hammered Thursday and Friday, and it has thousands of points left until it matches this year’s lows. I won’t even mention it’s 30,000 points higher than it should be, since we have to take this a step at a time.

The last three times I’ve been on a plane, circled:
