Two versions, Willie Nelson and Canned Heat, my favorite, Canned Heat as it came on the radio as I was driving across a bridge into Montreal in the summer of 1971, starting a two-month journey across the Trans-Canada highway to Vancouver, then down the coast to San Francisco, then back across the US to Ann Arbor. Wait, it get's worse, we were camping and eating only brown rice and vegetables. "We" also ended, somewhere east of Salt Lake City. If you ever need to get out of a mistake, take a road trip together.
Next week, another road trip to the Southwest, this time with both daughters. So let's cover some things now, in case I don't get to it in the days ahead.
First of all, Cramer sold a lot of his tech stocks near the lows of this most recent market debacle. Compared to the S&P 500 which is flat YTD, Cramer's portfolio is down 7.5% YTD. Let's take his selling of tech stocks as our first sign that the lows are in.
Second, keep an eye on NNVC. The company seems to be at the beginning of a public relations blitz that may conincide with it's getting off of the Pink Sheets and onto a bona fide exchange. I would be a buyer of strength here, if it's accompanied by decent volume.
Finally, about the geopolitical stuff, I read a pretty convincing analysis once that wars coincide with the end of market declines, not the beginning of declines. This dovetails with the Cramer moves and previous analysis by Dent, Wolanchuk and Dines. In other words, there may be some opportunites on the Long side here, notwithstanding the rockets' red glare.