If there’s ever going to be an honest-to-God, rock ’em, sock ’em, greater-than-a-few-weeks bear market, it’s going to require the participation of a certain company run by one Mr. Tim Apple:

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If there’s ever going to be an honest-to-God, rock ’em, sock ’em, greater-than-a-few-weeks bear market, it’s going to require the participation of a certain company run by one Mr. Tim Apple:

Loathe as I am to say anything positive about cruise liners, it seems to me Royal Carribean (RCL) is due for a bounce, based on this long-term channel.

Well, that didn’t take long, did it?
See, it is my firm belief bulls are going to get a taste of precisely what it’s been like to have been a bear. Disappointment will be their daily companion. Because, as shattered as this market is, getting an ice-cold inflation report was just what the doctor ordered. And it worked……….for about a second. Just look at the reversal in the /RTY, and we’re only an hour into the trading day!

NOTE: I see we’ve got the mysterious “comments don’t stick” situation on this post. Interesting! We’ll try to figure this out. I’ll do a new post before long so the chatter can continue.
I spent the past couple of days wringing my hands about a big pop, and thanks to the chilly inflation report, we got it. The /ES lurched higher, and as of this composition (a few minutes before the open) we’re up about one percent.
