Wednesday, March 16, 2016
The Last "Rally"
"Great news, no 'Conomy. Buy stocks"
"Global expansion increasingly viewed as in ‘late-cycle’ phase"
"It’s the highest reading for the “late-cycle” view since August 2008"
99% of fund managers are selling this last "rally"
Price / volume:
As China found out, when your economy weakens you don't get to keep the hot money...
Dollar / Yen
Filled the last upside gap...Skynet by the makers of Tetris...
Financials just went under the bus due to the interest rate hikes postponed until "never"...
P/E Ratio of Consumer staples stocks:
When this overthrow unwinds expeditiously, the entire market will be in Third Wave down re: 2008 aka. rotation to "cash"
Expect "discontinuous price discovery":
The top lasted nine months through August, and then two months in the Fall. Basically an entire year.
This is the right shoulder...
Posted by Mac10 at 11:55 AM