I usually don’t do so many updates in one day, but today has been one for the books. The following are a few recent “pictures” of what I’ve been calling attention to over the last few weeks. The following is just the latest in the succession. You can see the originals by clicking here and then using the links contained with those to go back further if you so desire.
So with that said here is where we stand as of around 8:00pm ET, Thursday evening. To wit:
Where the “market” currently stands in relation to the first trading days of 2018:
One group of people (coughmainstream business/financial mediacough) has been right all year for the wrong reasons.
The other group, such as people like myself, have been wrong for the right reasons. The reason?
The Federal Reserve.
What happens when people like myself are proven out to be correct and the others are not? Hint: The above shows it precisely as predicted.
For those that believed the first, hook-line-and sinker and thought BTFD (buying the f’n dip) was never going to end badly, and allowed themselves to be convinced by this very same crowd that people like myself were as they liked to call “the doom and gloom crew?”
You have my condolences.
© 2018 Mark St.Cyr