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Swat Down

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

It is so, so, so good to be home. I am a notorious homebody. If I were convicted to house arrest for the rest of my life, I would be totally OK with that. I love being home with my dogs and my computers. I need never go anywhere. As my mother might say, I have zero gypsy in me.

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Anyway, I’m also glad to see that the equity market, which once again disgustingly reached the highest level in the history of the universe, got smacked down. Even better, it’s doing so for no particular reason. It’s just………weakening:

With Gartman now leaving, I was wondering who we were going to turn to for signals. I think our own President, bizarrely worshiped here by many manly men, gun-toting men, virile men, on my own gentle, left-leaning website. There has been a vomit-inducing abundance of braggadocio about record highs (as if he made them happen personally), which I think is a pretty goddamned good indicator. I doubt he was very chatty about equities twelve months ago, when the market actually was cheap.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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