Tuesday, December 13, 2011

Just Another Manic Market

Did you ever see the market go this way and that?
Go this way and that way,
And that way and this way
- a  children's song (sort of), possibly Scottish

or, if you are a 1970s psuedo-punk like me:

Well we can't take it this week
And her friends don't want another speech
Hoping for a better day to hear what she's got to say
All about that Personality Crisis you got it while it was hot
But now frustration and heartache is what you got
- Personality Crisis, New York Dolls (1973)

Honestly, I really have nothing new to say. Financial markets are being wagged by the dogs of Europe and nothing else matters. Perhaps options expirations this week will give money managers the reason to try to push the market higher but one sneeze from MerKozy and bye bye profits.

What do you do? Unless you are a day trader or a gambler (there is a difference), protect capital unless you see a really compelling setup.

And as for the title of this post - Manic Monday, The Bangles 1986 (written by Prince the symbol)

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