No matter what index or ETF you are looking at, as long as it’s equity-related, they ALL look pretty much like this:
Let’s Break It Down
- GREEN TINT – the stupid, misguided, central-bank driven final spasm of relentless buying
- YELLOW TINT – the first important crack in this nine year fakery
- MAGENTA TINT – the desperate clamoring of the powers that be to prop things up
- GREY TINT – the next important step, which is a subject of tremendous debate
The vast majority of people – pretty much everyone on the planet except for me – believes that the dip we saw pays for the sins of the past ten years and that we are now going to march to new life-time highs.
But not me. My view has been and continues to be that the downturn resumes. And I am positioned according.