Categories: General Market Commentary
Topics: General Market Commentary

i2k12 Back With a Bang (NFTRH 204 Wrap Up)

Stock Market:  “The ISM was better… YEY ME!!”

Reality:  “ISM was a negative as is anything that puts into question uninterrupted inflationary policy that sustains you, FrankenMarket.”

SPX is in a little Bear Flag.  I am short Semi’s and long volatility again.  From #206:

“My question to an associate in the semiconductor industry last week:

“Is semiconductor still dead in the water?”

His answer:

“Dead.  Very much so.  It’s beginning to feel like 2008 again.”

Let’s consider ourselves warned that the economy is in dire straits and that the markets are dependent on the Fed’s ability (or lack thereof) to inflate/re-flate.” 

1425 will be important support for SPX to try to hold.