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by Zh Seven months ago, when the horrendous August 6 NFP print set the stage for Jan Hatzius to lower his outlook for the economy (and all the other sellside lemmings to follow suit), resulting in the announcement of QE2 three weeks later at Woods Hole by our dangerous monetary Dr. Moreau (not our definition: Sean Corrigan’s – more on that later), we dubbed an article [...] by Zh Since it is obvious that Bernanke is now taking his central planning tips from Laszlo “Let Me Just Whip Out My Ruler” Birinyi, and is dead set on growing the market in basically a flat line (there has been no volatility in stocks in the past 6 months – none), we decided to extrapolate the market based on the Woods Hole event, and determine [...] The Market Studies LLC president told Bloomberg that U.S. stocks are within a week of “a significant market top†that is likely to precede a drop of at least 11 percent in the Standard & Poor’s 500 Index. “I’m pretty confident that in one to two weeks, the market will be in a descent,†said DeMark, founder and chief executive officer of Market Studies LLC. “It could be pretty [...] |
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