Short sellers were entreated to another squeeze towards the end of the day. The Dow closed higher by more than 60, the SPY was flat and the Nasdaq rebounded from a -40 deficit to close down just 8.
Timing tops is a mind numbingly difficult chore.
Oil continued to soar throughout the day, up 5.5%–paving the way for an astounding rally in oil related stocks, many of which roared higher by 20%.
For the month, the commodity sector has been a prime performer in the market. The CRB index has been powering forward with relentless fervor.
Bottom line: markets should avoid cataclysm until May, at which point the gates of hell will be opened and stocks will suffer immeasurably horrible fates.
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And the award for the most hellish prognostication of the year goes to….
Jim Rogers maybe? Whoever gets it, let’s call it the Devil Dog award.
Lord Rothschild agrees with …
…
…
me
“indeed we may well be in the eye of a storm.”
Hey, if you wanna run with the big dogs, leave the skirt at home. This market will chew you up and spit you out. Or, you can defy all odds and double up long, no?
gold makes at least a tiny bit of sense what with negative interest rates and still no inflation, however, a problem being the gaming that goes on via the gold certificates etc. why the rest of the commodities have loaded on big gains? actual supply is tighter than expected or it’s just the game being played to extract money?
Louis C. K. on the Trumpster.
http://www.vox.com/2016/3/7/11173384/louis-ck-donald-trump
He does think Trump is like Hitler. But HItler at the very beginning. Before the Concentration Camps. What Hitler did, he did gradually, and, as Louis C.K. says, everyday Germans didn’t see it coming.
‘Jews Aren’t Allowed to Use Phones’: Berlin’s Most Unsettling Memorial
http://www.nybooks.com/daily/2013/06/15/jews-arent-allowed-use-telephones-berlin-memorial/
Sell in May is too obvious, I think you are correct with your original April timing. Rug pull before the masses are ready.