Sep 14, 2010

Spent the last few days repairing my freaking computer. Market volume is totally dead. There is no way I would short this market — and no way in hell I will buy it. This market looks like nothing more than the Fed and Wall St trying to create another asset bubble via their debt monetization – and pretending that that doesn’t really constitute inflation. The only thing worth buying is commodities and international. The US is now merely a kleptocratic fraud and anyone who has cash sitting around earning nothing in a bank is an idiot.

Short-term: 2 yellow, 2 red – Very overbought – but so what
Intermediate-term: 3 green, 1 yellow – no indications of a correction as trend-following stuff turns bull
Stock target: 51% swimming, 25% neutral, 24% sinking

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