Thanks For Sticking With Me

While I've been is classes I have tried to post as much as I can. Classes end tomorrow.

Just about all of Asia was down last night. Every European market on the Yahoo Finance World Indices page, plus Turkey and Ireland which are not on the page, are down too. At some point one area of the world will move back into an uptrend first. For now money seems to be coming out of stocks, bonds, gold and oil.

As I have written many times, when (or maybe you are thinking if) markets reverse they do it very quickly and with a big move. I can't see why this time would be different, but obviously I'm not sure when. Perhaps this is an argument to substitute longer dated calls for certain stock positions.

The CPI just came in above expectations and has taken down stocks futures. Maybe that big turnaround will have to wait a while;-)