Heavy Shelling ...

The Euro-beefers are bailing out, hence the severe weakness in the AM futures markets. I think yesterday's very late, massive sell-off was the precursor to the today's AM drop off. I'd guess the Street had the orders in already or knew that Euro-beefers were being liquidated, so used the firmness yesterday to front-run the moves at the close.

Of course, since all participants [except the common man investor] have learned to recognize signs of computer order floods, and to climb the trees to safety at first sight, the swings are much larger and faster than an orderly market would normally have. For all the blather about "liquidity" provided by computer trading, is it not NOW obvious to all that such "liquidity" is a phantom, and is NOT there when needed ?!

Get rid of ALL computer trading EXCEPT within very narrow market windows of time and price.

The knaves at the SEC won't do that, though. They care NOTHING for the common man investors. All they want to to line up a job with fat pay at the Street or the Street's law firms after leaving government.

Actions

Waiting. Krypto has plenty of cash to redeploy. She did a LOT of selling as the market approached the recent highs - I posted them all. Notice that UNLESS one does selling on the way up, one will not have cash to buy on big plunges. You really do have to buy low, sell high AND sell high to buy low. It will take a good bit more drop to trigger Krypto's buy programs again. Just sitting & waiting.

Mrs. B has a bit more more cash to redeploy, too. No ideas in mind for now, though. Lolol, I think she is the only buyer at her local broker's office lately.

Word of the Day

"Apophasis" - noun [$100] Rhetorical
Apophasis means denial of one's intention to speak of a subject that is at the same time named or insinuated, as "I shall not mention Caesar's avarice, nor his cunning, nor his morality."
Sentence: In modern political dialog, one often hears examples of apophasis as a way to smear an opponent with negative or even false accusations, while seeming or purporting to be clean.

[From Greek, ap'opha(nai) - to say no, deny]