coach d, agip and Maserati:
Some thoughts after I mowed my lawn. Like running it gives you time to think.
Speaking of momentum, Cramer was touting YUM recently, that didn't work out. China, Brazil, Russia, Euro Zone, Japan, energy, commodities, high yield spreads, EM, central bank policies, strong dollar, declining margins, declining profits, stock buy backs, GAAP earnings, valuations, high frequency trading, all matter. While non-GAAP, code, social media, Najerian Brothers, Cramer, Fast Money, high frequency trading, reach for yield, the Fed has your back, central bank omnipotence, Fed Model, profit margins expansion, all tell you something about the environment we live in. To ignore these things is not rational to me. Charts, the market today, well that tells you very little of where we will be a year from now. In my book, closer to Dow 13,000 than 23,000. This time is not different.