A quick survey of the Landscape – Cash, Porn and Desert Real Estate, the last standing bull markets.

Ugly.

China (FXI) is now down 30 percent off its high of last month, Russia 50 percent, India, 40 plus percent. These are not stocks, these are diversified (LOL) ETF’s.

The US markets as I again suspected this morning are now down big. These fall positive opens brought to you by CNBC and the BIG Bank traders are just not good. They are just baiting the little guy and the afternoon is met with forced selling of the same person as margin calls are made. That is what leaads to the horrible market closes.

I was fooled by the early reversal in metal stocks and I forgive myself of that. With Gold down big I saw the strength in the stocks as a turn and jumped the gun too early. Big mistake. The big traders took me there.

Google is flat and Shipping stocks are flat. I understand Google.

I am amazed at the strength in UPS and Fedex. If you know what that means – please yell at me or write your comment – OR BOTH 480-555- YUTZ!

If we are in a slowdown from rising rates, would shippers not be hammered.

Elsewhere, Oil is down 41.70 and that does not surprise me.

For the most part I have been in cash since the middle of May. Unfortunately, my trend followers are being SMASHED as well.

Cash and Porn are the two safe havens.