Monday, August 15, 2016

A Centrally Planned Panic

Per Dow Theory, the market phases are Accumulation, Big Move, Excess, Distribution, Panic, Capitulation. 

In this cycle, the market has seen Accumulation, Big Move, Excess, Distribution, and now compliments of Central Banksters, Excess again, prior to Panic...A slight change to the usual program...




The IPO Mutual Fund:





The current "leadership" consists of the riskiest sectors: Retail, small caps, Emerging Markets, and recent IPOs, such as these: