valuation, page-146

and yet the market follows them like a bad smell.

SnP downgrade = the end of the world... for ten minutes. In they go to pick up the dregs left behind by panic.

I used to say that post consolidation RED is a follower of the SnP index but since the movies in gold have been dramatic, RED is picking up on the back of Gold price and not to much the SnP moves.

Still, who knows. Fridays buying could very well be building shorts for the inevidable short term folly.

Market is getting a bit choppy. Left my money in mid-long term speculators and took the rest out.