The insidious CHUCK BENNETT sold some VHC today because he’s afraid. Afraid of what the judge might say. Afraid of what Apple might say. Truth be told, VHC is a man’s stock, one that embodies cigar smoke and single malt liquor. It’s not for the faint of heart and those who have weak hands and knees.
It’s for closers, only.
Stocks dove today, but had little effect on my stocks. I’ve concluded it to be in my best interest to avoid US stocks, unless they’re from the coal industry. “The Fly” has decided to become the Emperor of Japan, fanatical bull on any and all exporters.
Nevertheless, we’ve come to the end of the road here, as the time in 2012 is almost up. The direction of the market will ebb and flow with the caprices of speculators. Just yesterday, The PPT flagged an OB signal–but it shouldn’t be feared to any large degree. I don’t believe we’re going much lower, at least not yet. We will trade the range and then jump off a cliff in 2013.
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