Author of : - Greedometer. Dow 5000. Why nobody sees it coming. and - Greedometer 2.0. The rats are jumping ship. Engineer, Fee-Only Investment Advisor, CFP. Owner of Triangle Wealth Management Creator of the Greedometer algorithms
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Greedometers: We're At A Breaking Point 0 comments
The Greedometers are suggesting the next leg down is about to begin. Granted they can only provide visibility to within a couple weeks.
Let's see how the Greedometer is doing lately:
- the Greedometers warned in September that we were at a US stock market top. (the S&P500 did end up peaking then rolling over in September)
- then they warned a month ago that the first leg down was probably done / that there would be a bounce. (and that's what happened)
- now the Greedometers are suggesting we're about to begin the next leg down. QE4 or not.
Big picture: the S&P500 will be cut in half (or more) from September 2012 to September 2013. Most of the damage will be inflicted by May 2013.
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The Greedometers are suggesting the latest mini rally in risk assets is running out of steam, and that the next leg down is about to begin.
Dec 13, 2012
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