Corona Del Mar, CA
Howdy Chris,
Happy Labor Day Weekend!
The perma-bears are still growling about the markets not crashing like they predicted.
Even with banks imploding earlier this year, and the multitude of "evidence" presented like:
- Yield curve inversion
- Cardboard box price index falling (seriously?)
- Baltic dry index for shipping (unproven to mean anything)
I'm sure, I could dig up 50 charts of data that appears bearish. But is it predictive of anything? My experience with working with many, many datasets says NO.
Meanwhile, let's look at the Smart Money Indicator, which I've been publishing since 2006:
It's on a "buy" signal still:
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