On the rare occasions when MensaMonkey is on the right side
of the market, and the Dow drops 500 points, the rules of the jungle state that
the Ramones must be given CPR and revived as a celebration of the event.
That hasn't happened since August 2011,
here
and
here.
Monkeys don't gloat,
especially one that can't seem to control his own creation, and follow a
market trend.
Rather, the point of doing
this is merely a reminder that large one day drops in the market can make for
happy times.
That's been the whole point
of this site since the moneychangers stole from the poor (again) back in 2008.
Today was only a minor, little 225 point drop in the Dow, far
from the magic 500, and not totally unexpected.
The Fed-fueled fantasy market of 2013 is probably just shaking out the
"wall-of-worry" crowd. I don't
know what MM is going to do, but here's my market insight as to where I would
expect the market to head, then bounce, and then head into lower territory...just
when you were starting to check your 401k every other day to see how much more
pretend money you've got.
I don't have anything for a 225 point drop in the Dow.
225 points is not Ramone-worthy, and the
rules are the rules.
Well, wait a
minute.
I guess I can crack open that
18-year-old tube of
Veruca Salt. Days like this remind me of what
Louise
knows best.
You have to be ready for
anything in this market. One day you
find yourself rolling out of bed and there's 70,000 screaming kids in your
living room expecting to be entertained.
Yeah, Louise and her buddy Nina rarely disappoint...if you like that
sort of thing.
Kinda sad looking back 18 years and remembering that I was
OLD back then.
Ahhhhh, yooooouth!