A long Bull Market, a sharp correction and then an impressive recovery. That may sound like current market price action, but it is actually what we saw in 2008, right before the “big one.”
The pattern is eerily similar. Will we see it again? There is no way to predict perfectly, but the conditions are very similar and I think we need to be prepared.
Check out the latest analysis and update:
What do you think? Am I a pessimist or a realist? I welcome your comments.
Dean
Spot on Dean! Could not agree more with your analysis…I have been waiting for this for too long indeed! VIX and Bollinger Bands show market is way oversold and too optimistic. Roll Over Beethoven indeed!
. . . and tell Tchaikovsky the news!
Dean,
Thank you for being a realist. Trees do not grow to the sky. I agree with you, markets go down faster then they rise. Time to really watch what is going on. Thank you for all your comments, you are so much appreciated.
Thanks,
Dee