You can almost feel the strain of that concentrated interest of terribly weak hands whose one trick pony does its best "little engine that could" imitation while passengers and onlookers alike regale each other with fantasies of invincibility, such as those who rode Titanic similarly enjoyed right up to its end.
Sure, the boilers still billow smoke and the lights remain on, but in Davos they're kicking around chunks of ice. No doubt, both Trichet and Soros today expressed their minds' delusion in a manner fitting this gravely damaged ship most still believe is the unsinkable trans-Atlantic financial system.
If my eyes serve me well, it appears the lot of weaklings desperately dribbling their equity exposure to an even weaker crowd are running out of paint allowing their further continuance. So, the negative day that, yesterday was thought possible today finds technical grounds for more likely developing tomorrow.
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.
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