Fast track to overbought, indeed.
Out of dutch or faith too much in the many "healthy" among hopelessly insolvent?
Absent divergence at bottom, faith awaits its test at some near-term moment.
Lagging badly, still in the lead in a race to the bottom of the sea
All things technical as negative as can be: woe is the U.S. banking industry.
And don't insurers know it, showing this with premiums they reap!
Still to those trapped on Mount Toilet Paper the price of protection remains cheap.
Hedged those trapped remain, venturing hours to drip long exposure,
Once levitated with a blank check from Treasury whose recent closure
A Joint Select Committee meets destiny to assure,
That what some call "cheap" soon will be cheaper...
* * * * *
© 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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