Tuesday, August 4, 2009

I'm Fine

1. I have not been consistently experiencing my body as being particularly female. This odd little phenomenon used to make me panic. Now I don't give a rip.

2. Monday morning was a clingy one. Rambo and Jenny are right, though. Better to cling all over the husband than to drink. Works for me.

3. I am not freaked out right now. I'm detached and a little spacey, but this is also better than the alternatives.

4. Something very interesting is happening with the S & P 500. Those who have read these types of posts here before know that I am of the opinion that the worst of the 'recession' is not behind us. I think there is another very sizable slide coming. I don't know when. It could start days from now, it could be weeks, it could be January for all I know (but I doubt it will take quite that long). Monday brought the S & P 500 much closer to the very important 38.2% Fibonacci retracement level off the March lows just as the NASDAQ approaches the 50% retracement level. Sentiment is high, but I wonder if the general public is sufficiently pumped for it to fall off a cliff just yet. Because don't you know that just as soon as granny thinks it's safe to get back in the water is when a school of sharks shows up. So I wonder if there are enough jubilant investors out there that the average person is jumping back in with glee now that all the talking heads think the worst is over. If the S & P seems to peak around the 38.2% retracement at 1012.64, then... Primary Wave 2 may be ending. But I truly wonder... is sentiment high enough, or does it need to go up to the next level to reel in all the money waiting it out on the sidelines? Because Primary Wave 3 down is usually very surprising and quite ugly, and just as before Primary 1 down, there is the ever-so-tiresome irrational exuberance. Yup. I'm still paying attention.

5. Like I said, I'm fine for now. Yes, I sometimes say weird shit under my breath (get off me, go away, leave me alone), but I'm fine. Really.

5 comments:

  1. Yes, cling away on that hubby. I do it all the time with mine. I'll just ask him for his chest to put my head on and say, "I'm feeling really needy right now. Hope you can handle it." I do NOT apologize anymore. We all need someone to lean on sometimes and that's okay.

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  2. I agree. Well I can only talk for the UK but I think it will be a W recession rather than a deep V.

    In the UK I think we are running a risk of hitting a sustained deflationary scenario.

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  3. I totally agree on the deflationary economy. And I already have plans in the works to profit from it, too.

    :-)

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  4. For Germany, at least, it will be a L-shaped recession. You know, one of those cursive curly ones. While nobody will admit to the fact, we're in central Deflation City right now.

    The 5-day pattern on the $dji stinks of Distribution. Shanghai index and DB stock are leading the way. Soon time to go into treasuries and FAZ again, methinks...

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