How many times did you wake up to Futures up 12 points? Many. And why was the market up? Because.
Now we are creating new technical terms: “Stick Save” is when markets are saved from the precipice in the last half hour of trading, like yesterday. And today we have the new term “Ugly Stick” when Futures are dramatically lower because of fears that the end of the world is neigh.
Realize that the major market indices are ONLY NOW TESTING their May 18th lows. In fact, some of the great European companies are starting to look very attractive from a value standpoint. And if American multinational corporations are smart, they will aquire some of them while they are crashing!
All that I’ve been ranting about is coming to pass. Once great change is finally realized by the stubborn market, the true opportunity arises…