Monday, July 25, 2011

Too much Worry for a Panic here

Watching CNBC this morning, the frenzied and overexcited psychology coming from the hosts and guests on any US debt default is wrong for a panic here. That is way too much "wall of worry". "Worry" is bull market psychology, not bear or panic. Panics arent typically "worried about" "predicted" and "televised" in real time. Any Panic for this debt news may not arrive for several months when the Hurst 9 year low is due to hit late October/early November, but not now.

This mornings selling was just the SPX (evidently a bit overbot) getting back on track for 1376-1380 into July 27, 29, or August 1-2...


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