HAT SIZE

We used this expression back at the turn of the century.....when seven trillion dollars was erased by the people who owned tech stocks. Most of them came down to single digits (those that survived) in stock prices.....

Investors/ traders fought the decline all the way down to almost nothing i.e. hat sizes.

Traders/ investors are going to do the same with their over weights in financials. Remember the financial bubble has burst and it is far bigger than the tech bubble....many to most financial companies will be reduced to hat sizes too (those that survive).....and they will never recover to their old prices...just like tech has not in eight years now...

In a slowing growth/ recession environment pe's contract...this should be global now as well....

Real Estate is dead money.

Markets are never healthy without financial or retailers doing better....

Sugar is up on a short squeeze, commodities in general are stronger ...copper...

Upgrade Upgrade Upgrade don't fight the tape or try to call bottoms.....a losers game. Major corporations who have avoided this nonsense will be cherry picking new acquisitions as the private equity teams have no fire power left and also are in work outs now...

Danny Boy seen here thinks about those warm summer days when its below zero.