Chinese fireworks celebration…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Chinese fireworks have ignited a conflagration in our markets.  We have flattened all our posistions, even long term IRA accounts.  95% of our capital was already in cash, as…

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The law of gravity in the market…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 The law of gravity in the market is a little counterintuitive.  It says that stocks rise over the long run.  Simple as that.  Dec 24  Jason Sweig wrote a…

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Merry (?) Xmas Market

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 A careful examination of the formation here will not show an understandable pattern of higher highs and higher lows -- or the opposite.  What it shows is the chaos…

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