Barron's Does A Victory Lap.

This headline nearly took my breath away.

Not only did it seem like a joke, but it even seems that Barron's may be doing a victory lap here, highlighting that they basically nailed the tech bubble top.

So we're supposed to listen now when they say it's fundamentally different this time.

Hilarious.

As long as 2062.34 holds, bulls can probably keep laughing.

There was a weak top Friday which got me into SPY puts but like the rest of markets I'm monitoring, it may take a while.

There is a 61.8% Fib extension target at 2083.82, the completion of which could yield a bigger pullback into the 2020-2040 area, but it may just turn out to be a fourth wave before a fifth wave thrust to yet higher highs.

I'm starting to think that the turn in the S&P, oil, yen, euro, NG, gold, even the ruble and the Russian stock market could all coincide very closely. Who know what the reasons could be. The reasons will take care of themselves.

"The situation today is fundamentally different."

It's many times worse.