Yes I know, that was an astute call on the Dow yesterday wasn't it? As I edited into the post I was stopped out for a nice fat loss, percentage wise and thankfully not position size wise.
Well, one can only wonder if the poor Boston uber-wealthy have driven their Lexuses off the bridge into the Charles River yet. This bear is a brute created while seething in hibernation as the inflation party, the GREED party went on unabated. This is very sad.
One positive for my personal stance is that upon this souffle falling yet again, gold reversed and the miners were not caught in the pig's liquidity sucking undertow. The correlation seems to be getting weaker by the day. Also of note, the Canadian $CDNX - home of all those dot.v's - is doing relatively well after having crashed itself down to support from the 2002 time frame. I notice my holdings represented by this index are holding up well today.
Hmmm, just looking at the screen and this thing is lit up like a malfunctioning Christmas tree. Capitulation? Finally? Question is, where does the panic run out of gas?
