BreakOut

I have heard the Nice cannon up close, but that Frankfurt one today…

Many have been vocal about the foolishness of excessive money printing and skyrocketing debt for a long time, but the consequences had not started to show up until fairly recently, so those folks were (and for many, still are) regarded as crackpots and losers. Unfortunately, if they do bring the whole house of cards down, Society does not seem to be as willing to play ball with each other and wait politely in lines today as they did in the 1930’s. The authoritarian ways that have gripped (or re-gripped) half the world might tempt some in a situation like that.

The “Pause that Refreshes”?

We usually get it. Question: if selling bonds at high values/low rates is self-mitigating for the current bank crisis, isn’t that just kicking the can down the road for the bond buyers when rates go back up? Answer, I think: Maybe, but we deal with the crisis in front of us.

Mea culpa. Some interesting stuff was being posted in the “pre-market”.

“Long and wrong” has long been your theme for the banks. “Hey Franz, I found a truckload of negative bunds, what do you want me to do with them?”

And don’t think he won’t be appreciative.

I’m beginning to think Crapper was right.

S&P 4150 still the 50% retracement of last year’s 4800 to 3500 drop. Key level.

Cramer one day: “We BE in a new bull market” Cramer the next day: “eGATs, maybe not”

Another for the annals of stock proctology.

OK Bears must, absolutely must, get the ES, 24 hour S&P fuctures back below 3898 by the end of New York trading today, or they are dead.

If we are sitting on the brink of a prolonged 2000-2003 bear market, Enphase and SolarEdge are ones I would want to scoop up at the end of it.

Important call. Trained intuition.

Liked John Murphy’s “Tech Talk”. Used to come home at lunch to watch his segments. That is where my username came from. ”Halliburton is breaking out to the upside..” (Probably not today, though)