Increasingly negative tone from tenors, sopranos, orchestra…

Posted on Jul 27, 2015 by in Letters

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p76611673066&a=266398464

Since February we have observed the market grinding its way nowhere.  In this process we have seen wedges and --potentially-- a head and shoulders.  Investors have apparently left the market or not re-entered.  And when the cat's away the mice will play, and the contrarians have been having a field day -- and undoubtedly wracking up some nice profits.  This is their favorite kind of market.  We investors can largely overlook this mousing around -- until it carries on too long and becomes obnoxious.

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

Comments

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