TFMR Podcast – Wednesday, August 17

Not even a short-lived bounce following the FOMC minutes could save us from another dreary, summer doldrum day…and it’s remarkable, really, how much sentiment and price have changed since Friday. And why? That’s the question.

So we attempt to answer that question today but, the problem is, the answer is unknowable. We’ve gone from optimistic and looking for $40 and $1 rallies to watching 3-day, $40 and $1 pukes, instead. And where there was some optimism on Friday, there is nothing but pessimism today. And again, why? Because the POSX has rallied a point?? Just ridiculous and…