An Urgent Week in Review

Friday was ugly. But this weekend hasn't been for BTC or Israel's stock market.

‘When I first came here, this was all swamp. Everyone said I was daft to build a castle on a swamp, but I built in all the same, just to show them. It sank into the swamp. So, I built a second one. That sank into the swamp. So I built a third. That burned down, fell over, then sank into the swamp. But the fourth one stayed up. And that's what you're going to get, Lad, the strongest castle in all of England.”

- Monty Python and the Holy Grail

Good morning.

This coffee is terrible, but it works.

Friday’s trading session wasn’t great.

It was the worst downturn for the Dow Jones all year.

And it flushed our Equity Strength Signal into negative territory.

Just eyeing the Poor Man’s Signal - a measurement of stocks down 5% in a week and down on the month with an elevated Beta reading - was 40.

The stocks were up 5%, up on the month, and with an elevated Beta of 12. (9 of those stocks were down at least 2% or more on Friday).

That was a lot of money flowing out from the outliers over the last …