We're Not As Far Down As We Were In March, But It Feels A Lot Worse.... Kinda Like 84 Degrees F at 7:30 AM Feels Different Than 84 Degrees F At 3:30 PM. Feels Like Something Serious Is Onna Way..... 

People only accept change when they are faced with necessity, and only recognize necessity when a crisis is upon them.
-- Jean Monnet

Chartz And Table Zup @ www.joefacer.com

Back Inna Day, KSAN was tryin' to stay afloat post Hippie Apocalypse and had tapped the Bay Area music community for an all live music weekend. One of the Fillmore Auditorium regular bands canceled out and Ronnie Montrose, who was putting a band together at the time, filled in on a coupla hours notice. He put on what would be his Montrose Stadium Rock program of the future in a studio using practice amps and borrowed instruments. This was in the pre-box-of-effects, Marshall-in-your-pocket-era. Sounded kinda like this...

http://www.youtube.com/watch?v=tk52nGxF ... re=related

Over the weekend, decisions will be made that will determine whether the world will relive the 2007-08 crash. The odds are not that bad short term. They are horrible long term and the downside outcome is nasty..... Stay tooned.

http://www.comstockfunds.com/%28X%281%2 ... eSupport=1
http://www.bloomberg.com/news/2011-06-1 ... -veto.html
http://www.ritholtz.com/blog/2011/06/we ... -solution/
http://www.ritholtz.com/blog/2011/06/su ... -06-17-11/
http://www.msnbc.msn.com/id/43439252/ns ... _business/

http://www.bloomberg.com/news/2011-06-2 ... hnson.html

http://www.bloomberg.com/news/2011-06-1 ... lment.html
http://www.msnbc.msn.com/id/43456544/ns ... _business/
http://www.msnbc.msn.com/id/43443426/ns ... ws-europe/
http://www.bloomberg.com/news/2011-06-2 ... -debt.html

http://www.ritholtz.com/blog/2011/06/ap ... he-news-2/
http://oldprof.typepad.com/a_dash_of_in ... et-it.html

You start with everybody in cash or short. Then someone goes, "Hey, Waidaminute!! Who's left to sell and/or go to cash? What if the only thing left to do is buy?" With everybody leaning the same way, it doesn't take much to ignite a stampede the other way. It looks like a ferocious short covering and chasing runaway stocks rally.

The fundamentals suck. If the market confirms the launch, I will figure out what to do then. Right now, it feels too much like a bear trap....

Still all cash....

Stay Tooned.....


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