If a picture is worth a thousand words, then how many a song?
We could say go to sleep little babies, but this would be blind to the fact they already are well into dream land. How many still have visions of buying the dips, too! As for background noise coming from today's general strike shutting down much of the European continent? Who needs Europe! A Congress complicit in shutting down the physical economy is being greased to cut the social safety net, too, so strikes and violent mayhem soon coming to the U.S. likely will prove just as bullish here as in the euro-zone, no? Where do they find these people? Ah, the Ivy League.
Now, really, we are probably not going to see the market violently collapse before the end of the year. Still, it appears a fairly safe bet selling pressure will persist over coming days. Major index lows of late-May are squarely in the cross hairs.
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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.
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