Crash in Progress

in Wednesday Morning Briefing 19 hours ago

 I commented yesterday that i'm looking at one more move lower, even lower low. But I look at it as buying opp (for now)
Interesting, how ES broke yest low, but dollar and long bond didn't take out yest highs.

I added to FIUIX. It's utilities, I wanted to shift XLU into mutual fund - better for dividend accumulation. This is a good time to do it. Interested to see what kind of yield it will have at bottom.

Great piece from Sy Harding:

 Just a few thoughts to ponder as the stock market tumbles, and big-picture analysis extends the trend of the last couple of years of dysfunctional politics in Washington, predicting dire long-term consequences, even as there is increasing evidence of work being done to reach a compromise and end the dysfunction.

http://www.decisionpoint.com/TAC/HARDING.html
Thanks, Sy.

 "O mio babbino caro" ("Oh My Beloved Father") is a soprano aria from the opera Gianni Schicchi (1918), by Giacomo Puccini, to a libretto by Giovacchino Forzano. It is sung by Lauretta after tensions between her father Schicchi and the family of Rinuccio, the boy she loves, have reached a breaking point that threatens to separate her from Rinuccio. It provides a contrasting interlude expressing lyrical simplicity and single-hearted love in the atmosphere of hypocrisy, jealousy, double-dealing and feuding in medieval Florence

100years later - nothing changes. NOTHING !