Well he also mentioned 2006-2007, which sounded familiar to me…
Very true. The timing on the signal is very much in question.
SM crashes are a bit like wars: for them to occur, one needs the last one more or less faded from collective memory. Is 3 years enough? Perhaps.
Well, if you saw the TL today you know where I’m at. Just trying to balance cash with long the (perceived) right stuff and some shorts on the (perceived) not right stuff. I do get a creepy feeling about that (perceived) lower probability upside SPX target though.
One issue I have had is that when I’ve seen the risk signals in the past I’ve let them start guiding me too soon. But like the chart above, they sure can be mushy, timing-wise.
So if I understand these insights correctly, the market could go up, or on the other hand it could go down.
Ha ha ha, funny. Go see a guru for a more definitive answer. Plenty of them out there on auto-predict. It’s call dogmatic bias.
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