Wow! Who would have thought the market would come to this! I know. I know. More than a couple of old fuds have been warning us for years.

And, of course, the politicians know just what went wrong and they are going to “fix us right up”. If a mechanic told us that, most of us would get a second opinion, but in this case, who would you ask?

I recently got a book about watching trends written by Ron Insana from a $1 table at a local bookstore. I can see why it wasn’t a bestseller, but I have found one priceless gem so far.

He noted that when you hear intelligent, experienced people explaining the present situation in ways that simply make no sense, watch out! Things are quite likely to be on the verge of a blow up in one way or another.

I don’t know about you, but I feel like I’ve been hearing a lot of things lately to which I can only reply with – -”huh?” They’re using a lot of big words, big concepts, and confident tones, but there’s something funny about all of it. And, definitely from smart people.

Reminds me of the old Bill Cosby routine in which he’s describing brain surgery under a local anesthetic where the patient says “Who said oops?” “I know what it means when I say oops!”

If you want to execute a spin-off, or any other, strategy in this market, be my guest.

I intend to let this storm front pass and then to see which way the wind is blowing before I shake any reefs out of my sails.

Tags: stock market