I was brought up to be modest and I am not prone to taking victory laps, but I was reminded of my post from two weeks ago, The reason why the bulls should be cautious about a January hangover. To be sure, I never expected the kind of downdraft that the market is experiencing, but I was directionally correct.
What's more, my big picture calls were pretty good last year (and they contrarian enough that I got a ton of hate mail):
- Why I am bearish (and what would change my mind) May 2015 (red arrow below)
- Relax, have a glass of wine August 2015 (blue arrow below)
- Why this is not the start of a bear market September 2015 (purple arrow below)
That brings up the point that the new site is closing to new subscribers except for 24-hour day passes as of midnight (Pacific Time) this Friday, January 15, 2016 because I would like to better control the rapid growth of our community.
I know that many readers have been following me for a long time. I would like to give them the opportunity to get the best start on 2016. Come over and take a look at the new site.
The subscription page is here (US$199.99 for one year, US$19.99 for one month, US$4.99 for a 24-hour day pass). Even if you are not ready to subscribe, you can always sign up for email notification of free posts as they are available two weeks after publication.
We would love to have you join our community.
Special Note: This will be my final SA article - please DO NOT FOLLOW ME any further.