Current Time

Current Time: April 1930

Monday, August 8, 2011

Selling Climax Approaches

As I posted earlier this summer, we approach Dow 10,000 next.
Given how fast this crash has been, we could approach it ...
This week? Possibly tomorrow -- Soon, for sure.

Have been holding short positions since April but will coverand go long sub-10,000.

Here's a napkin chart I drew up in the Spring, lets you know what we here at
The 1930's Scenario think will happen in the markets over the next 1-2 years.

S&P 500:


As I finish this post, Dow futures down -300 again tonight.

More charts comparing our market to the Great Depression Bear coming
in the days and weeks ahead ...

3 comments:

  1. Your forecast of Dow 10,000 / 1040 SPX should be fulfilled in early October 2011. This would also put us at the equivalent of early May 1930.

    ReplyDelete
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