1700 — 1800 –what’s a hundred points between friends?

Posted on Nov 25, 2013 by in Letters

 

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

We probably left heads spinnig with our last letter which blithely  called the SPX a hair off 1700.  Well, as they say, even Homer nods...  But he doesn't sleepwrite.  (This does not refer to Homer Simpson.)  Prices continue to dance about 1800.  Not a tango.  A Balkan folkdance.  Going in circles and circles.  These things can be quite beautiful if you have infinite patience.

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