A little imagination, spreadsheet magic, and a deep respect for history made me arrive at this possible bear scenario.
Just two months ago I thought the wheels would come off the wagon. And here we are pushing 1,500 on SPX.
So now that it looks like new all-time highs are just around the corner, I do not want to completely rule out this stunning resemblance to 1970s.
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| click on chart to enlarge |
Sunday, January 20, 2013
SPX - Bear Scenario
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