Monday, June 24, 2013

Lightning in a Bottle

Just a general heads up as the MSWORLD index we follow continues to round out along the lines of its previous top in 2000.  
Should lightning strike twice, the throw-over top and failed rally attempt we witnessed last week, could soon agitate a disorderly and panicked marketplace.  
Our best expectations here in this scenario if you are not already short would be to buy the reflexive bounce in the SPX near exhaustion and short volatility - should the world indexes quake over the near term (1-2 weeks). 

Food for thought. 

"In the fields of observation chance favors only the prepared mind." - Louis Pasteur