Mar

12

After one made a bad move in checkers, putting oneself in a hole and finding oneself in a most untenable position, Tom Wiswell, would look at one, somewhat sadly, nodding his head with a frown, "Now you're thinking". (why didn't you think a few moves ago). Okay. The bonds have gone down 6 days in a row and the stocks up 7 days in a row. A nice six percentage point divergence to another new high in the bond stock ratio. Today, I sought to sell bonds after they went up a little. I can hear Tom saying "Now, you're selling". I bought a little stocks overnight. And I hear Tom saying with reluctant disapproval "now you're buying".


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