Be afraid…..

Posted on 08/04/2011


……or be aggressive, just don’t be passive!

The Equities (S&Ps) just made new lows for the year. Crude just broke $90 (WTI). The VIX (cash) is 26. Gold continues to scream higher. Interventions continue (Swiss, Japanese, and now ECB in Italian bond market).

It’s UGLY out there – which lends itself to two schools of thought.

1. Be greedy when others are fearful and be fearful when others are greedy. (A VIX @ 26 = fearful).

2. Where there is smoke, there is fire.

The market REALLY NEEDS to find support soon or this could get really sloppy. Are we just pricing in a terrible jobs number tomorrow or is the game of global Whack-A-Mole running out of able arms to keep those Moles at bay?

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