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The Iran conflict notwithstanding, Mr. Market will do it's best to reassure you that everything will be fine. Only time will tell but I personally, would not want to enter any new positions here unless you're a daytrader. Not at 20x forward earnings already baked in. Watch the next plank of earning reports. Hedge if you are long any name...........except gold that is. I have a target of $1700 in a wave five count before a correction.…
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The idea that we are late in the economic and financial-market cycle is one that even most Wall Street bulls won’t dispute.
After all, when the economic expansion surpasses a decade to become the longest ever and the S&P 500 has delivered a compounded return of nearly 18% a year since March 2009, how can the cycle not be considered pretty mature?
Yet…
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- Chinese Proverb
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For those who follow lunar or planetary cycles, it is of note the 2015 Bradley Model basically shows two separate (wider) trends. Remember that the direction shown is not necessarily the direction of the trend predicted; rather based on…
