Keepmovingforward

The Banking Sector Has Bottomed

I agree. SPY up from here

High Likelihood of a Market Crash

This is quite interesting. On one hand, the Omen is a fairly reliable predictor of, if nothing else, a downturn in the market - near a 40% probability. However, we could be observing a fundamental shift out of an S&P index weighted heavily in Financials toward one more permenantly weighted tech and commodity for the intermediate term. If the later is the case, we could easily simply drift sideways in a range for 18 months to 3 years. my guess is that is the case - since the large cap investment banks and the Private Banks are desperately wondering where profits will come from for the next 3-5 years. Remeber, institutions drive the market, and institutional money is betting long term against financials.