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June 27, 2013


Sometimes the time is not right….

Contrary to what I wrote several days ago,

my feeling is Stocks are NOT done on the downside.

And Treasury Bonds still are not a buy.

 We are Shorting the Dow again.

While I believe both of these markets are close, time wise, to where they become major buys, I have concluded this is not the place to be owning them. Quite simply stated, the rallies in both markets the last few day seem to have FAR too many talking heads talking the  bull side of both of Stocks (in particular) and even Bonds…As I have written so many times, all the markets are essentially giant mob psychology GAMES. None of these paper values are actually real. None of these paper values can be mathematically calculated as to what they “should” be, and in both of these markets, when they ARE a buy, virtually none of the TV and media yakkers will be telling you to do so.

I have therefore liquidated my bond positions bought several days ago…and am sidelines…waiting for what I think will be a better place to buy.

And we are now, as of this morning, recommending being short the Dow Jones Futures again.



The author of this piece currently trades for his own account and has financial interest in the following derivative products mentioned within: Mini Dow Jones

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