Market has been turning bearish and is heading lower.
Interesting how the market marks the Fib lines on the way up and on the way down... Happy New Year!
Will the S&P fall or the Ruble or both?
SPX500/XNG stayed at almost exactly 2.0 for 6 years in a row and is now higher than it's been in 12 years.
Tech Bubble, Real Estate Bubble, Fed Bubble triad... Bubble Bubble! Toil & Trouble!
This monster megaphone is bearish short-term and long term.
It looks like either the SPX500 is heading up or the Brazilian Real is heading up against the dollar... or both?
FASB disposes of Mark-to-Market accounting rules, 4/2/09 QE1 11/25/08-3/31-10, Fed balance sheet rises from $870B to $1.2T QE2 11/3/10-6/30/11, Fed balance sheet rises to $2.8T Operation Twist 9/21/11-9/13/12 QE3 9/13/12-12/18/13, Fed balance sheet rises to $4T QETaper 12/18/13-10/29/14, Fed balance sheet rises to $4.4T
The market is turning down 12 months after the end of QE3. Will the Fed launch QE4 in response?
Maybe a couple of weeks left before the breakout, most likely to the downside.