"Like, is it 1987 ?" hail(ed) Mary
Updated
Monday 9th November saw similar "internal " market characteristics to 82 other instances since 1980.
90% (74) of them led to higher prices in 6months to 1 year.
The remainder are strongly negative, including one instance on 11th August 1987.
(look into Leadership, Breadth, Price volume metrics)
(then basket the cases into Valuation bins)
Looking for market to drop 25-33%, especially if "we" need to "force" Biden, Powell and Co. to enact some more funny money as soon as Inauguration is over.
Nothing like a bit of panic to deliver some hastily written "laws".
90% (74) of them led to higher prices in 6months to 1 year.
The remainder are strongly negative, including one instance on 11th August 1987.
(look into Leadership, Breadth, Price volume metrics)
(then basket the cases into Valuation bins)
Looking for market to drop 25-33%, especially if "we" need to "force" Biden, Powell and Co. to enact some more funny money as soon as Inauguration is over.
Nothing like a bit of panic to deliver some hastily written "laws".
Comment
1 month on update:I posted a picture (on Twitter) of how this move is playing out compared with prior instances.
1990, 2008 trajectories seem closest, but really that's just for fun.
Even 1999, melt-up-believers can find solace too..
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