Chicken Little, meet CAPE

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 The musical score of this market is furnished by chickens clucking.  Incessantly.  The more the sky doesn't fall the more insistent the clucking becomes.  The P/E ratio is too…

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Holy Moly Batman. Market Rocket blasts off!

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 Imagine waking up and discovering you are 1.3% richer in one day before breakfast.  303 points in the Dow, 32 points in the SPX -- how much of this…

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Market moving at turtle speed (that’s ok. It’s moving in the right direction)

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 All we see are blue skies, smiling at me nothing but blue skies... etc etc...  We did some noodling with where stops should be.  On this chart they are…

Continue Reading Market moving at turtle speed (that’s ok. It’s moving in the right direction)