Right before our eyes, the market behavior is changing. Perhaps it is the New York blizzard. Or maybe it’s Wednesday’s FOMC meeting, or all the heavy hitters reporting this week, or last week’s stimulus package. That’s just the thing, canoodling up to a reason, a ‘why’ if you will, provides comfort and security.
I say to hell with feeling comfortable. I would just as soon trade my clothes for burlap then be in a state of complacent comfort. The modern world is no place for the smiling sloth. Nature still favors the paranoid squirrel, and rewards him with a fluffier tail and sharper eyes.
VA is down a quick 5% on me. This is why you cannot chase VA. This is also why I ease into VA, several times, slowly.
Energy as a sector is looking good today. As an oil, it looks like a bear, grr.
It has been a good day for Elon Musk. His index [TSLA and SCTY] are up nicely to start the week. His autos were the most impressive feature of the Detroit Auto Show, as were his models, brilliant. The NSX was a close second.
The market is trying to roll over but not doing a good job of it. This afternoon I going live on the mic to MC this action and find some money extraction points. See you in the Afterhours.