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.
|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.