I have no concerns about where this market is headed – only the time that it’s taking.
Originally “The Gong Show” had the judges endure 20 seconds of an act before they where able to “gong them” – then it was extended to 30 seconds….then 45 as the laughter and anticipation built higher and higher – before (unfortunately) the hapless act would finally meet their fate.
If I where one of three judges – I already “banged my kong” back on March 30th with suggestion that the Canadian “TSX” had most definately topped, and that “risk in general” was gonna sing and dance it’s way right off stage around SP 1550 -1600.
Perhaps “volume” or overall market participation is also sitting next to me as one of three….man…he “konged” even sooner!
And last but not least – our third discerning judge….I’ll leave that one for you to ponder.
Anyone consider the “crater” in TLT just a tad concerning?