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Message: Big Picture on Venture

Danielle Park's commentary begs a good question - is Venture a leading indicator of the broader equity markets, or has it just become a lousy place to invest? I think the latter, because the decoupling has already lasted 4 years.

Venture appears to be in its own private bear market. The C wave of the massive ABC formation may have another year or 2 left, and the 400 head and shoulders target is only a minumum. Execpt for short term trading such as Santa trading and the odd panic spike down, I think it best to stay away until there is evidence that the C wave is done. There are plenty of places where one's money is treated better.

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