Dolphins flee GFC2.0

Chart panes:
  • SPY, 240m price
  • indicator: momentum midline oscillator


Price exhibits, perhaps historic, divergence from the momentum oscillator below. This is just one of many signs concerning experts about the possibility of a global financial crisis.

Managing risk in this environment feels ironic at times. It reminds me a Douglas Adams humor book from the iconic series "Hitchhikers guide to the galaxy". In the last book from the series, the earth's dolphins foresee the planets destruction and flee by spaceship. The dolphins, not wanting to be rude, left mankind a thank you note in the ocean, saying: "So long, and thanks for all the fish!"

For now, I remain in the ocean and will suffice by downsizing positions.





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