What kind of imagination does it take to fathom the future awaiting hopelessly insolvent bailout junkies if AAPL can be bruised 6+% in a day? Is it not abundantly obvious that, too big to fail titans of tyranny are capital starved albatrosses driving counterproductive government policy at every level? Am I alone wondering whose Treasury band-aid is but one revulsion away from being ripped off to expose a banking system beyond any policy response capable of extending fantasy sustaining the group as going concerns? Furthermore, are tax-related investment considerations going into year end but AAPL-specific?
All told, can there really be any surprise how quickly crack Western intelligence agencies this evening are reported to be detecting unusual activity around Syria's chemical weapons facilities? It's time to tell the little children Santa Claus will not be coming to town this year on account of necessity to impose a global "no fly zone."
Now, all of 147 more NYSE-listed issues advanced today versus those that declined. Given today's 1% rocket reversal from this morning's bottom, that is pathetic. Sort of reminds me of positive days preceding the market's crash of October 1987. Suspiciously then, too, very few listed issues were participating during notable advancing days prior to the lug nuts falling off the market.
Today's volume bump only leaves one to suppose the market's apothecary technicians specializing in animating corpses have reached a point where there is little more they can do, just like September. Had those who were squeezed this morning not so decidedly moved late in the day to again sell short the garbage they were forced to buy earlier, then we might suppose there remains time to extend fantasy believing in all things related to Santa, including the market's rally since mid-November. They say the only sure things are death and taxes. Oddly enough, these very two matters hang over the market like a black cloud.
* * * * *© 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.
There's an easy way to boost your investment discipline...
Get Real-Time Trade Notification!