General Options Blog

The Friday Sandbox

Earlier this year, while I was busy ranting on the audio I signed off with "OK I will get off the Soap Box."

JB later came on the audio and with a similar audio session signed off with "Ok I'll get off the......Sandbox.... whatever you call it... lol"

and the Sandbox term was coined.  Its utilization is in response to a lengthy, thought provoking, opinionated moment.

I find myself back on the Sandbox this morning.

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Thoughts and Charts: Pavlov’s Dog is Catching On

Another relentless buying spree overnight saw stock futures rally some 1%.   It has since given up most of those gains.  Yesterdays rally looked to fizzle, but instead a late day explosion higher closed stocks at their highs.  The bullish euphoria of months past has enveloped the market.

Much of what I feel about the market and a host of individual names is in last nights market video.

The last few years I was bullish almost to a fault.  Now I feel I am skewed bearishly almost to a fault.  Just as I knew we were going to continue to surge to record highs, I now feel we are going to fall through the August lows.  It's only a matter of time.  I'd love to see stocks continue their rally.  A market pull back does not benefit the masses and it surely isn't good for continuing to skew the wealth distribution in this country.  We are all going to suffer as asset values decline.   But as I pointed out earlier this week, and in last nights video.  The writing is on the wall.

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