There will likely be no video recap today as I am experiencing technical and logistical issues with my internet. Note the rotation down to laggard areas of the market while leaders correct, as opposed to capital fleeing stocks as a whole. Also observe the bull flag being built on the S&P 500 daily chart.
We never want to fall asleep on the market or complacently assume anything. However, the overall initiative remains with the bulls and I am going to respect that until proven otherwise.
One Response to Maintaining the Tranquility
Note the dollar breakding down like a bastid below $80.
Bernanke is shameless. It’s awe inspiring.
BTW — What is that up there? The Mohunk Mountain house?