can't make this stuff up. According to my calculations, fair value for the SPY is at $40.
Yawn, and is such a huge risk that swaps and derivatives might be what brings the house down; and not in a good way.
I could be wrong, as I'm not an econ expert. Nor am I a Psychic.
Time will tell.
Probably sooner than even I think it may.
Ballpark price call, maybe above Last Call, but certainly a decent Buy level, IMO. And if it drops lower, be sure to have cash on the sidelines to deploy, and real quick like, and maybe ever a much larger drop lower.
According to my calculations, the fair value of your portfolio is 40$.
And a double top at that. Seriously, you can't make it up. I'm not saying Black Swan, but...
Black Swan will eventually be overshadowed by Dragon King.
Sentiment: Strong Sell
A double-top within the time-span of 2 months is probably too soon... the other two recent corrections had a 5 or so month time-span between successive tops. We might see a triple top before tapering.