Washington Redeemed! (AAPL,EWP,CBOE,FB)

Washington Redeemed! (AAPL,EWP,CBOE,FB)   Never were fans of big government here at Normandy.  Don’t think it’s good for the overall health of the nation, nor for its better management or even for its longevity.   Never trusted it.  Always figured the goal was to put everyone on the payroll and then force feed them worthless currency.  Where else are the buzzturds gonna turn for a buck?!   Nope, always preferred the local brand of self-governance – really local! So the thought of someone – an outsider – coming to the big house ready to do battle with the forces-that-be was intriguing.  But whether Senor Trump actually fits that bill remains an open question.   We’ve…

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The Lord Giveth… (QQQ,DIA,VOX,HYG,CBOE,KKR,FB)

The Lord Giveth… (QQQ,DIA,VOX,HYG,CBOE,KKR,FB)   It’s hard to find anything negative to say about a market that has been on an even-keeled, upward trajectory for the last eight years.   You can mock what underpins its strength, you can deride the foolishness of those who’ve made millions just buying and sitting put, and you can wail like a newborn over the fundamental and technical excesses that are sure (eventually) to rock the very foundations of the financial edifice and send the global economy off the edge of the planet. And eventually, we admit, you’ll be right.  The fun will come to an end.   But it’s far more likely to be a jagged up-and-down affair…

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Sell the Market (CBOE,FXI)

Sell the Market (CBOE,FXI)   Here at Normandy, one of the means we employ to determine the health of the market is to examine the shares of the world’s major stock exchanges.   The thinking is straightforward.   When the markets themselves are profitable and their shares are rising, it’s a sign of good things to come.  When they start to spin their wheels or outright decline, we take it as an ominous signal that weakness likely lies ahead for the major averages, as well.   So how do things look today, with the Dow and NASDAQ and various other world indices at all-time highs? Let’s have a look at the equities behind several of…

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Wall Street Love; Main Street Violence (VIX)

We’ve spoken with increasing regularity in this space about what we feel is the inevitable breakdown of civil society in America. What we haven’t been so clear on is a timetable – when it will begin, and thereafter, what particular action will be needed once the difficulties present. Because of the nature of our readership and the business that we’re in, it’s likely that the vast majority of you are insulated to some degree from the conflicts that have afflicted the citizens of St. Louis suburb, Ferguson, Baltimore, Chicago, and most recently, New York. The tensions that have manifested in these locales are not isolated occurrences, are not limited to these particular hotspots, and are…

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