Hey! What's all of this Polish traffic on my blog? Hi, folks.
Just want to add a note of caution about crash charts getting posted around like this. My read of the S&P 500 tape since the October lows is that it is a blow-off top into a megaphone that is very similar to the 2007 top.
http://deflationland.blogspot.com/2014/ ... p-and.html
OK, now, say it is, where do we go from here? Many bearish analysts are capitulating on this monthly spike candle and looking for upward targets. Who knows, maybe they are right.
The chart you linked above is based on a few Big Ideas:
1. Deflation cannot be stopped and wins the day
2. There's a larger megaphone on the S&P with a low down in the 1700s
3. The crash ahead will be worse than 2008 and will leave a lot of bears watching with mouths agape
4. You won't even want to be trading the final phases of the coming Bear, because ETFs will fail along with banks and accounts and the rest. At some point this won't be about "making money", it will be about finding a good bunker in which to hole up and sit out History.
BTW, I'm originally from Chicago, Illinois, and miss the Polish neighborhoods and the good people that still live in them. Poles are the bees' knees.
Good luck to all ...