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Well, after yesterday’s (absolutely ridiculous and pointless) rally, it was certainly delightful to see the Dow get crushed by a third of a thousand points. Deeeeeeeeeeelicious! I’m going to lay down for a bit and recover from a very frenetic day, but congratulations bears, one and all!
UNRELATED NOTE: I did a podcast interview last week which you can listen to here. The sound quality isn’t so hot (this was over the phone), but if you just can’t get enough of me yammering on about bubbles, you can enjoy it!
One of the ironies of “good times” like these (that is, when the market just keeps melting, in spite of the enfeebled efforts of the you-know-who crowd) I don’t have much in the way of ideas or suggestions. My “ideas” are essentially: (more…)
I mentioned the social media ETF (symbol SOCL) being a good short based on its Fibonacci retracement. Yep. See, this chart stuff actually does work from time to time.
Well, thanks for Mario’s negative-er interest rates, the Euro is in a free fall. I’m pleased to see this, because I’ve been harping endlessly on shorting the Euro over in Slope Plus-land. My initial “heads up” about this trade was on July 16th, when I showed the break in this trendline:
