Johnc

Aberration in Clear Thinking by JP Morgan

I like the article and I think the issues raised will take us back to March lows (demonstrating that the last two months was a bear market rally). However, I think we should be looking to pick up long positions if the SPX can hold above March lows. While there is bad news a plenty, very little of it is new. It just takes a while for it to sink in. However, now that it is starting to sink in (and we'll see that process over the next few weeks), it will be time to swim against the crowd.

I am talking my own book, of course, and hope that someone will be kind enough to lift my GLD at 100 (missed it last time around).