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Insiders Club - 9.26.2014 Bookmark

 

Good morning folks, it's Friday and not a day too soon.

Okay, lets do a quick review here.

On Sunday I devoted the entire letter to the "idea" that the market was set up for what could become a fairly large pull back. We had all sorts of arcane indicators that were flashing the danger signal. But I also said several times that "we've seen this movie before", meaning that the market has been perched on the edge of a cliff multiple times and they just rushed in and saved us. I said it could easily happen again.

Insiders Club -9.24.2014 Bookmark

 

9.24.2014


Hello everyone, we've made it to Wednesday already. I'm sure you just "can't wait" to see what's in store for today. 


Okay, Monday and Tuesday they took some profits, they stopped buying and the market fell. In some areas the fall was severe, such as the Russell 2000.  ON Friday morning the Russell was at 1,163. By yesterday's close it was 1,118. That is a very big drop for a broad index. 

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