Try try again! But obviously one must draw a firm line between becoming obsessive in chasing the tiger’s tail and being able to pull the trigger when the odds appear to be in our favor. Which is only possible if we have defined a clear set of rules ahead of time which clearly define what is considered an entry opportunity and what is not. So let’s see what we’re dealing with today:
You already know the answer to that: Buy Property. It’s an old truism that everyone active in the financial market seems to know but at the same time rarely anyone appears to be capable of following. Don’t blame yourself – it’s simple human nature. Something out of the ordinary happens and immediately fear sets in.
It’s getting pretty toasty over here in Valencia and the air conditioning are doing their best to keep temperatures within a tolerable range down here in the lair. The transition to summer here in Spain is pretty drastic and very different from what I am used to from my two decades living in Los Angeles. Two weeks ago it was still chilly and rainy but then someone somewhere in Madrid throws a switch and the entire country turns into a smoldering but humid oven.
Once again the ice wall blocking the way to SPX 2100 and beyond proved too steep a hurdle for the bulls. Yesterday’s lackluster session was a bad omen in that it showed only obligatory participation near such an important inflection point. That’s not how to storm a stronghold that has held what at this feels like aeons