Reader Bicycle thinks we're on the verge of a violent reversal. I think the market may still be on ice for a few more weeks, working out a "5th of a 5th" grind, while long-term indicators (monthlies) setup for the final top. There's the Greek payment to the ECB in mid-July. 3.5B Euro is pocket-lint in American QE terms, so there must be a real reason that we are quibbling over these debt matters for the subprime nations of Europe. A cynic would say the whole effort is a sick pageant to draw in and eat any bears stupid to play it short here, anywhere.
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| market on ice until it's not |
I did manage to win big at the Value Village lottery this past Saturday. Some good soul donated a slew of Grosset & Dunlap biographies for young readers from the early 1950s. I snagged them all, at the cost of $1.25 each. All in fine shape with good DJs -- I'll get Brodarts on these ASAP.
8 comments:
Oh that's right, kids don't need books these days because they have Google. Enjoy the internet while it lasts, friends. I'm going analog.
When does UVXY become a screaming deal?
I guess that depends if you think the VIX can make it down into the 10s from here.
UVXY is already fast approaching a pre-split $5 handle.
"Enjoy the internet while it lasts, friends. I'm going analog." Revolt Against the Modern World?
Yes, most definitely.
Ancients vs. the Moderns, now more than ever.
Especially here in Deflation Land.
So, you're familiar with Evola? I really need to read more of his books.
He sounds like an interesting character; I'll be sure to look into him.
My own reactionary thinking comes from Nietzsche and Ortega y Gasset and Spengler and, of course, Leo Strauss. I was a student of Allan Bloom at Chicago many years ago. I work in tech and am very skeptical of it and of modernity.
I have enough of the Austrians about the house here to understand and admire them for political economy, but appreciate Frank Knight, too.
I'm ashamed to say, I still haven't read Decline of the West. After reading Sun and Steel by Yukio Mishima last year, I decided I was thinking/reading too much, and working out too little.
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