Volatility does not strike when everyone is watching, it waits until bullish acquiescence takes hold.
What better way to kickoff the quiet return of violence then an entire weekend praising the shrewd investing acumen of Warren Buffet? In case the steady bullish tenor of Uncle Warren didn’t whet your appetite, they had Mr. Wonderful on CNBC Halftime Report, talking about sizing into biotech and energy.
SMH
You all should be disgusted by this show of confidence, this act, this wool over the eyes bologna. Especially on Leap Day! A day when greedy men clamor over having an additional 10 hours to make dollars.
That docile morning tape and its gentle ascent were hallmark features of a Rose Colored Sunglasses [RCS] market, a manner of trade sent from the bowels of hell to trick you into adding risk assets ahead of hard downward speed.
I participated in the morning rip because it jived nicely with hypo 2 from this morning’s report, but I didn’t overstay my welcome. As a matter of fact, never overstay your welcome.
This is not a ‘find your groove and swing for the fences’ type market. What we experienced to start this year was extraordinary, and if you think it was just a flash in the pan, then you are being naive.
There will be aftershocks and rumors of fund liquidation.
But for now the water temperature is slowly rising, boiling the frog ever so gingerly.
Rips are to be sold until further notice.
If you enjoy the content at iBankCoin, please follow us on Twitter
Nice post. Well-said.
I found the Buffet thing suspicious as well.