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Monday, April 29, 2013 6:08:20 PM
Nice call though, I wouldn't doubt it.
Still doesn't get me to 5% down for my sell trigger on SPXU or UVXY. Mid-week, Thursday.
There may be some of the "Sell in May" component that creates a self-fulfilling prophecy. Wednesday is May 1. There has to be a
catalyst. Lots of news this week, could be taken a few different
ways. Betting on volatility and weakness. We are too high, ALL time high on the SPX, really? 2% growth at best? .3% growth in England and they cheer cause it supposed to be -.1%? Numbers saying that China is slowing. Revenue on the companies reporting, 40% beating - usually is 60%.
Still thinking the same pattern, maybe even amplified, from the past few years.
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