One must always remember the purpose of markets. To take from the weak and give to the strong. To pay for the enormous infrastructure of the top feeders. To transfer money from the common man to the flexions. To maintain hope for the public at the lower levels so that they can provide the food for the higher levels.

When we see an announcement, a report, we must ask ourselves as Elton did, here comes the badger. How does he live. And how does he get his food and how does he reproduce. Who are his prey besides ourselves. How can he maximize our dissipation of energy so he can eat us with the least possible effort. A framework like this and related ones that you my colleagues on the site can augment I believe is helpful.

Please let me add:

To induce you to be stopped out at the worst possible levels like the round yesterday, but when you don't use the stops, as the Senator and Mr. Humbert like to say, it's certain ruination also. In Old Man and the Sea they have a Spanish expression for something very bad like the Spurs loss to Miami in the sixth game. It's something like "phttthhhhhf". But it means "bad, very bad". Yes, but it's the only market we have. And how can all the evil levels of the troposphere induce you not to buy and hold which would overcome all this.

Pitt T. Maner writes:

Was that term asqueroso?

synonyms: repugnante, repulsivo, repelente, inmundo, puerco, cochino, guarro, marrano, cerdo, sucio, mugriento, cochambroso, nauseabundo, vomitivo, corrompido, infecto, vicioso, deshonesto

Also Hemingway uses the term "salao" for jinxed and unlucky. It is related to "salty" in Spanish but has the unlucky meaning in the Carribean region:

He was an old man who fished alone in a skiff in the Gulf Stream and he had gone eighty-four days now without taking a fish. In the first forty days a boy had been with him. But after forty days without a fish the boy's parents had told him that the old man was now definitely and finally salao, which is the worst form of unlucky, and the boy had gone at their orders in another boat which caught three good fish the first week. It made the boy sad to see the old man come in each day with his skiff empty and he always went down to help him carry either the coiled lines or the gaff and harpoon and the sail that was furled around the mast. The sail was patched with flour sacks and, furled, it looked like the flag of permanent defeat.





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