Just doing the daily check on The Call. ----Like nearly all of your calls, this one has been spot on so far----Congratulations.
In a post above, I warned about discounting the difference between the underlying economy and non-market (read: "Tweet") geo-political effects. I stand by that. Still, there's no getting around that we're threatening 2750 in the S&P -- a goodly 200pts down from the peak, and a mere 100pts from volente's call. What is more is that since the call (April 16th), we've spent a continuous third of the time above the call, and the ensuing two-thirds of the time (from May 7) below the call, and since May 1, have trended steadily down. This turmoil could turn around tomorrow. We could be kissing S&P at 3000 before July 4th. But the fact is, we're snuggling 2750 right now, 100pts away from 2650.