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Bulls Lose Their Grip on Today's Tape

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Welcome to the finance-based, debt-dependent, oh-my-goodness mindset, where the only true preparation is financial education.

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The whippy trip continues to slip as Hoofy starts to lose his grip. I'll tell ya, if I slept late, grabbed a massage, took a walk in the park, played some ball, showered up and walked into work right now, I'd be having a great day. Truth is, after I punted my puts into the opening abyss, I feel like I've been shadow boxing with a mirror (and the mirror won).

Hey, it happens to the best of us and it's never been our style to duck the shuck when we, uh, mess up. Granted, it could be better (I've been feeling S&P 1375 for a while) and it could be worse (I could be long and wrong). In the end, the mechanics of the swing are more important than the results of the at-bat. So, we've got that going for us. That, and our health. And family. And pets.

We spoke this morning about the Redemption Songs and again asked the question as to what Central Banks saw last week. I won't hazard a guess but my sense is that whatever it was continues to lurk.

The thing is, if they were that freaked out last week, what must be going through their keppe's now? And, to take it one step further, what's gonna happen if and when we really get hit (the S&P is now flat and the DJIA is +3%). Welcome to the finance-based, debt-dependent, oh-my-goodness mindset, where the only true preparation is financial education.

Fare ye well into the bell and have a most mindful night.

R.P.

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