Well, that about does it for this Friday the 13
. I suppose there will be a dozen or so horror movies on HBO et al tonight.
As for markets, things are becoming a day-to-day crapshoot marked by high volatility. Many indicators are either breaking down or not showing confirmation.
It's strange how bulls loved such a weak dollar. I certainly didn't since it makes things expensive for all of us. But, let's remember who the Fed and Treasury serve despite talk to the contrary--large multinational companies.
With the exception of our Lazy Portfolios and even our Hedged Lazy Portfolios we're nearly 85% in cash. That means some days we feel like dopes and the next smart. It's no secret I don't like markets (could ya tell?) but we remain systematic.
Let's see what happens.
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