News. Good news. Bad news. No news.

Posted on Aug 28, 2013 by in Letters

 

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864

It always amuses us to watch the chicken littles run around like the sky is falling.  And sometimes there is something to be learned by the way they rush into or out of the market.  We usually speak of them as being a herd, but perhaps in this case they are a flock -- at least they are flocking to the oil trade, and also pinching our toes in the short bond trade.  All in all the market is not reacting bullishly to the Syria news or non-news -- or faux news.

This is only a preview. You must be a subscriber to access the full text of this letter.


 
Username
Password
 

 
Choose a Username*
   
Email *
   
First Name *
Last Name *
   
 
  * Required

Tags: , ,

Comments

You must be a subscriber to view and submit comments on this post.