More of the nauseating same.
Markets remain range-bound. Continue to use last week’s lows as massively vital support. Go read Adam Shell’s article in today’s USA Today as many others are now talking about the nauseating trading range. A few thoughts:
SEMIS continue to puke. This morning, will probably get a lift off of ADI…but cant help but wonder whether this is a harbinger. SEMIS have been very good in leading markets both up and down.
Got some clean gap breakouts in HD and TJX. ROST also in sympathy with TJX. So whether markets remain trendless, more things show up.
HOUSING and HOUSING-RELATED have indeed been moving out. We told you about the set-ups recently. Not sure how long they go.
As a father, the first thing I taught my kids was not to lie. For starters, it is wrong. But also, I told them if they lie, be prepared to look silly when defending those lies. If you lie, you had better remember that you lied. And if you lied, you had better realize if people find out, your overall reputation goes bye-bye. Warren Buffett quote time:
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
Now go look at Hillary Clinton and how she answered Fox News’ Ed Henry’s question about wiping her server clean. She obviously never got the talk on lying. Is it any wonder her poll numbers on trust are crashing quicker than the Washington Nationals? (I used to have to say the Mets!)
Ashley Madison…know nothing about it.
Female viagra…you fill in the blank!
Phoenix house market growing very fast, but you have to ask yourself why. The economy is slow with wages not going anywhere and more people getting out of the labor market. The home prices are going up because buyer are able to do the no money down plan again. I have been a Broker for decades and have seen this movie before. With no skin in the game we are going back to 2010 faster that you can say Hillary is lying.