The US Bull/Bear Debate Graphic

[MadMarketScientist 11]

 

I'm bearish on the US economy ... what do you think?

 

MMS

[equtrader 10]

The market can go up even if the economy is in a recession. I care about the market. I found this analysis interesting:

 

S&P 500 Index – Are We Close to a Trend Reversal? | Price Action Lab Blog

[MadMarketScientist 11]

Well the market has been pretty crappy the last few weeks ... but the "magazine cover indicator" is starting to show its head:

 

 

"A clear sign to head for the exits [and sell gold] is when you see a golden bull tearing up the NYSE on the cover of Slime or Newspeak," as Doug Casey likes to say, referring to mainstream magazines Time and Newsweek. That's when an idea has become so popular, it can be used to sell more magazines. When a mainstream publication trumpets an idea, the trend is likely to correct (despite underlying fundamentals).

 

MMS