Almost no one is predicting a serious tanking.
Predicting nothing, I'm certain we are headed for a serious tanking, based on my proprietary indicator, which is called the "augieboo-oscillator."
It's the ultimate contrarian indicator, and very simple to read. If augie goes long, the market tanks. If augie does nothing, the market skyrockets.
Right now, augie is long JNPR and praying for something approaching max pain, so tankaroonski here we come!
Augie needs to learn how to short! ):
Mammoth short covering rally today in software.
BEAS MERQ etc etc. Rally in MERQ probably warranted but surely not BEAS.
But gee, Mish, SEBL is up more than 2.50, so the software industry must be doing great, right?
One possible last gasp rally next week.
Then Down HARD.
It will knock your Smelly Sox off.
Not this boy. I'm gonna take my own socks off and stay in bed under the covers for the last week of April, thus causing a mini-boom for the rest of you. (You can all thank me later.)
augie |
