Friday, October 24, 2014


Meg Myers - Desire


Friday, October 17, 2014


Hozier - Take Me To Church


Sunday, October 12, 2014


The bull market is over: the short term

The only question is which bull market we are correcting.  The smallest is the bull market which began in October of 2011 at S&P 500 1074.   The Spus nearly doubled from that level so a small correction would be 10% and that is 1924 which we took out on Friday so, yes, the correction could be over.  I don't think it is.

On September 15th I mentioned the important low that was made in August of 1904.  It was important because it hit a up trend line that had defined the bull market that began in Oct. 2011.  Of course, we have broken that trend line but I am sure we will break through 1904 on Monday because the futures market has already done it.  In fact, the futures market broke through on Friday afternoon.  1904 is critical support which is why it was difficult to break.  I think professionals saw this and realized a lot of people will sell on Monday and take the market down on the open.  They thought to get ahead of this selling and sold in the thinly traded after hours market.  I assume they will buy some time on Monday when downward momentum wanes.

This market is topping.  What that means is expect volatility to increase.  You can also expect money to move wildly from one asset class to another as pros try and anticipate what the public is going to do to shelter their money from risky, as yet to be defined, to safe assets.  What you must remember is that the reason asset markets have gotten this high is because the investing public feels a need to have a return on their money, a percent per year, because that is what they are used to getting.  This process will be over when they stop thinking in terms of returns and start thinking of just keeping their money.  Cash is the only safe haven but it returns nothing and, most likely, erodes when there is inflation.  So the psychology is we must earn a return in order to just stay even.  That is how people think during inflation.  This is deflation. 

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Friday, October 10, 2014


Big Data - "Dangerous (feat. Joywave)"


Friday, October 03, 2014


The Griswolds "Beware the Dog"


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