OMG a piece of sky just hit us in the head…

Posted on Jun 26, 2016 by .

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But nothing like what just hit David Cameron in the head…  When those pesky peasants revolt it creates all kind of problems for Oxbridge elites.  Thank god we don’t have problems like that here (not counting Trumps trumpkins…

0624spx

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

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Anger and Resentment explode in United Kingdom in vote to Brexit…

Posted on Jun 24, 2016 by .

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Reflecting the same kind of anger and resentment Trump is riding, the UK voted tonight to exit the EU.  According to some UK journalists the Leave politicians stoked class hatred as a manipulative tool —  Have Nots against Haves to pump the Leave vote.  We are seeing some of the same themes in Trump’s campaign:  Trump’s supporters evidently don’t care about the dangers of his candidacy — in fact they want to blow up the system.  Brexit Leave voters evidently expressed some of the same emotions despite warnings that an exit might be  very painful economically.

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Vexed VIX….hexed gold…

Posted on Jun 18, 2016 by .

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0617vix

http://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=3&dy=0&id=p61658225390

In five days the VIX exploded more than 50%, from below 13 to above 21.  Turbulence of this sort generally presages  more unpleasantness for those who are not hedged, or unprepared.  What does it mean –?  In this bizarre and strange year with massacres, the British coming or going with assassination of parlamentarians, topped off by the cherry on the sundae of Trump anything could be true.

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Searching (vainly) for signs of the grizzly market…

Posted on Jun 12, 2016 by .

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The most damaging thing you can do to your portfolio equity is to build a case –or try to build a case– for your market opinion.  A short and efficient road to ruin.  So we always check out reasonable bear market scenarios (being as some accuse us of being permabulls)  (An investment posture which has done nothing but rain profits down on us since mar09.)

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Sitting on an IED…

Posted on Jun 06, 2016 by .

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0603spxline

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p42576269608

0603spxpnf

http://stockcharts.com/freecharts/pnf.php?c=%24SPX,PWTADANRBO[PA][D][F1!3!!!2!20]

The market charts are a picture of stagnation and risk.  While the PnF chart targets 2249 the totality of the chart for some 20 months is a massive top (?) or consolidation.  These formations, especially of such length, store up energy  like a volcano and eventually blow it off when the Fed makes a foolish move.  They may be preparing to do that right now.

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