This past weekend I got drunker than the American consumer, only to find myself locked out of a friend’s apartment like a depositor in a bank run. Like Mike Shedlock, I rang the bells and made some calls, but too no avail, for my cries fell upon unattenuated ears, similar to the monkeys on Capitol…
20% of stocks are trading below their 200 day moving average, the VIX is hovering around 30, the White House is expected to release some sort of temporary stimulus package, and tomorrow is options expiration… my bet is on a dead cat bounce. Though I’m mostly in cash, I’ve taken a position in the badly…
Didn’t spend much time watching the markets today, settling instead for an informal lunch, matchmaking a friend from overseas with my father… but that is hardly why you read this site, so here is today’s news.It has been another bad day for the longs, with some extra face stomping, as the SPY gently broke through…