Outrunning ‘Mother’ Nature

Stocks moved blithely higher yesterday, ignoring the fact that a terminally ill Greece has now been joined by Italy in the headlines. Perhaps the wacko traders who move the world’s markets were relieved that no one thought to mention Spain?  In any case, although my technical forecast for index futures calls for higher prices over the near term, I’d advise tight stops under any longs.  With earthquakes happening in Oklahoma, it might also be a good idea to keep a full tank of gas in your car in case you need to outrun effusions from the Yellowstone caldera.