MARKETS,Anybody even yet?

[FAA]

Markets: -0.67%, -0.45%, -0.15%. I was -0.07%. Olds was right for an hour today. They shrugged off the bad news. My sell instructions still didn't go through. Another exasperating call to my advisor. Approved, but not executed. Hopefully, it happens tomorrow. At least the incompetence didn't cost me today. Managed accounts hamstrung by red tape. I hope to break even in a year and swear them off forever.

[dinghy]

Managed accounts hamstrung by red tape.

I hope they don't operate any ambulance companies.

[FAA]

I was so distraught the whole day, expecting a certain market meltdown given the 9.1%. We'll get an elaborate rationalization for the good news tomorrow. I am extremely relieved. Expensive lesson.

[dinghy]

We'll get an elaborate rationalization for the good news tomorrow.

Rate cut fever.

If we continue in this mode, it should be party ice for stocks, Treasuries and gold.

[olds442jetaway]

9.1 was not good, but not a catastrophic number. I am going to check in a minute and see where I finished up today or down. -.2 percent. I have no prediction yet for tomorrow. I am continuing to tie up cash for 8-9 months. Just under 3 percent. FAA….. I am not saying to do this by any means, but Fidelity has a current promotion. Open an account and deposit 50 bucks and they will give you another 100. I didn’t see any strings except keeping the money there 90 days I think. Don’t quote me. Sounds like a no lose deal to me.

[dinghy]

[dinghy]

1-year Treasury yield 3.3%!

The 10-year is only 3.0.

[olds442jetaway]

I will be jumping on that shortly. I don’t feel like chasing and catching the falling knife at this point!

[dinghy]

I don’t feel like chasing and catching the falling knife at this point!

I do. My goal is to buy low, so it's logical to me to buy stocks that are lowing.

Today's theme is dollar wrecking ball. I was so busy buying gold miners, I missed XES (Oil Services) dropping to 50. I think that's a reasonable price for inflation protection.

Also missed VEA below 39. It could go much lower in a dollar crisis, but risk happens.

[FAA]

The first thing I check is NAS. Relieved to see green, albeit +0.03%. I figure a nominal loss when I review later. Dow -0.46% and SP -0.30% are manageable. Apple, Adobe and Microsoft came through the fire unscathed. Semis did well. Hope Jim (July 13 Bottom) Cramer was right. Not as hopeful, I’m afraid.