Apology

I've very bad about this blog lately, for one major reason and a couple minor reasons.

1. I've been twittering quite a lot lately, and that's been using most of my "blogginess energy".

2. I think the markets are boring and gross as warmed over spit.

I'm tired of all the government intervention into free markets, and CNBC talking nothing but rumors and pep talks for hours on end.

I think the game of investing today is largely rigged...but I still think it's possible to make money if one just turns off the tube and watches price and volume.

What I said last week I still believe is the overall theme still holds:

Here's the last three weeks of the SPY (S&P 500)...just choppy choppy ugliness:



As a trader, I really hate this kind of market because it is essentially trendless.

But then again, that would be another data point supporting the notion that we are nearing a significant market top.

So a quick recap of where I think we are in the this cycle:

Equities: toppy, but not quite broken

Bonds: yields moving UP



And gold