Between the devil and…

Posted on Oct 26, 2016 by in Letters, Uncategorized

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p10599378927

In this bizarre political season, in this surrealistic country, the market frequently gets kooky or kinky (maybe not kinky--that's the province of the great orange one).  (In the investment community the posssibility of a triumph by the great orange one is regarded with fear and loathing -- instant lossses of 10 to 15%.  We fundamentally agree with this forecast.  At the very least radical volatility  should result. We'll discuss this down page.)

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