Death Is Nature's Way Of Telling You To Slow Down. Kinda The Ultimate Excuse. Until Then, No Excuses.... 

"In theory, there is no difference between practice and theory. In practice, there is."
-- Yogi Berra

Chartz and Table Zup @

Taj and Keef do my two favorite versions of Leaving Trunk. Here's both of them. if only video had been around when Keef's band did Born To Die.... What do Ian Cruikshank and Spit James have in common? ... re=related ... re=related

An' a little Taj Mahal channelin' Howlin' Wolf....... ... re=related

An a little Keef Hartley and Spit James.... ... re=related

OUCH!!! OUCH!!! OUCH!!!! Smokin' week inna market. And I was All Cash. It stings, but it still may have been the responsible thing to do. Stay tooned and I'll explain why.....

I got out at 1 because the economy sucked, the Fed was through stuffing the bank vaults with cash, ya can't buy houses if yer unemployed, the banks make safer money buying treasuries than loaning money for interest, Greeks were getting their Visa card limits raised so as to borrow to make the monthly, China inflation and GDP was running into a slowing world economy, and the first glimpse of the next recession is occurring with 9% to 17% unemployment today ,depending on what yer smokin'.

It looked as expected at 2 & 3 & 4.

At 5, with everyone leaning the same way after 4 down weeks, the paint the tape game started early because of the end the quarter. Once the buyers lit up the tape, the scramble to get outa shorts and inta longs got frantic. the only red that week was end of the days locking in profits and after lunch onna 30th locking in profits.

So.... Tuesday. A lotta guys show up having missed the run up and waiting on earnings inna week or two. Do they (I) buy at the highs? Or do they say, "Aw RIGHT!!! A chance to unload at the prices I missed last month ...SELL EVERYTHING!! Is the stock market saying "Everything is better, we washed out the timid and it's UP, UP, AN' AWAY. Or is it saying " We brutalized the cautious, now let's break the foolhardy.

See, I just don't see how much has changed inna last month. Greece is patched over, but the German public is less and less sure about floatin' the rest of the EZ. The economy? Wall Street vs Main St? A recession on the horizon? QE3? Do i see the way home?

Dunno. But discipline trumps conviction. Price is truth and in my IRAs and trading account, I'm long and undiversified and even margined in the trading account. I can do what I wanna, when I wanna, All in long to all out in the click of an iphone. Last week was good But that is not the way it is with my 401a. There are rules and restrictions on what, when, and how often. I gotta move deliberately, like moving a building down the street, not a car.

This is the other side of a Bull Market, when I'll go 100% long the most aggressive funds and ride undiversified through the dips and hiccups. The down days or weeks 'll be nothing another few days or weeks of up won't fix.

This is a Secular Bear Market where the news is bad, sell offs are relentless and the updrafts are absolutely vicious. I gotta deal with missing the ups as the price of missing the downs. I'm in cash now and I expect to be in cash until I see a reason not to be... ... _business/ ... other.html

The blast back to recent highs left a lot of investors on the outside lookin' in. That is a ready made cabal of dip buyers. The market can work off the overbought condition by going down and letting the left out in all at once at a lower price, or it can chop around and let the left out in a few at a time, correcting in time instead of price.

Or it can run head on into a a horrible jobs report or a Italy/Spain EU conflagration and undo the last week's launch upward all a once and continue down through the 200 day moving average.

Standing by in cash. I missed 80 points in 5 days, I ain't gonna chase it if I don't have any idea where it is going.... The market is going to be open tomorrow, next week, next month and next year too. I'm going to wait to commit until I have some clarity... ... ivity.html

Stay tooned.


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