It's all a clever dress rehearsal for the end of the USA-UK financial domination of the ROW, a long cycle that has run its course.
We wish both the Germans and the Dutch well in the days ahead.
Last week I made a final visit to Wessel & Lieberman books in Pioneer Square to pick up the ed of Rousseau I have had on my mind for a long time. It's gorgeous of course, and now safe here with me.
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| J-J Rousseau Confessions, 1928 Brentano ed, tr. Mallory |
They are shutting down and are liquidating the remaining books, including their online store. They will be missed.
I found a particularly nice solid wood bookcase at the Value Village thrift store in my neighborhood, a real score for a mere $20. A $3 coupon from an item donation made it even cheaper. I stocked it with a slew of good children's books, particularly heavy in the Grosset & Dunlap.
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| Children's library of classics and sci-fi |
This is part of a much larger library of books to get my kids through their teenage years. They are just now starting to understand how this is theirs to explore and enjoy, what a fine thing it is to be surrounded by books. They get it.
In the markets, at this point we are just on-hold, waiting for the Bradley model turn date next week. The current channel in SPX should take us up somewhere between 1990 and 2000 -- they simply have to take a shot at it, right?
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| SPX 07-08 |
There are plenty of data out next week, including (for what it's worth) Chinese GDP and industrial data, and, of course, U.S. earnings soon.
I'm still on-board for the "double-nested Three Peaks and a Domed House" model. One theory I am proposing with these charts is that -- finally -- FOMC releases may start being profoundly market-negative events, as continued tapering and eventually a rate hike (April 2015?) do their work.
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| SPX 07-08 1Y |
After January, a relief rally into the end of April.
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| SPX 07-08 5Y |
UVXY bottoms around $20 next week?
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| UVXY 07-08 6M |
Nothing much to do IMO until we are closer to the turn, complete a wave up, and maybe even make that low on the VIX and her ETFs.
Astute observers will notice the collection of Weimar German fun-money on the wall above the bookcase.
ReplyDeleteWeimar German fun-money.
ReplyDeleteComing 'soon' to the USD I'm sad to say.
Still haven't been able to get back in the SPX long or short at this point. Tick tock.