About That Price Gap.....

sham-a-lam-a-ding-dong

The price gap on the SPY (and $SPX, obviously) offered little in the way of support. We've sliced right through it. This opens up the opportunity for September to be not just good for the bears, but great.

I also applaud the behavior of EFA, which is far and away my biggest position. I've described this position as "irresponsibly large", although I took …