Beware of suicide bombers…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 If this picture looks familiar, it's because it is familiar.  There is nothing to be said about the market that has not already been said.  But don't worry…

Continue Reading Beware of suicide bombers…

Buffet curses TLT…

http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=0&mn=9&dy=0&id=p47215435732&a=231495808 Well we don't actually know that Warren curses.  But he bad mouthed the bond market.  We were already short and we added to our position today. (asterisks).  We don't…

Continue Reading Buffet curses TLT…

Mood change.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p18894193176&a=214966864 The market has been clearly oversold lately, so contrarians, short sellers and mischief makers, each trying desperately to get a seat before the music ended, drove the market up…

Continue Reading Mood change.