Thinking, measuring, analyzing, intuiting …

Posted on Jul 15, 2012 by in Letters

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p68983365835&a=214966864

Our ADD, or ADHD, (or ADDicted) mind has been gnawing at the markets like a dog with a bone for weeks.  We think the economy is in a miserable state and will stay there until Congress makes some effort on the jobs front.  Good luck with that. That's what we think.  We think Europe is in a depressing state.  We expect it to remain in that state until European leaders realize you can't get euros out of a turnip, and you can't get growth out of zero investment.

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