He has been positive since 1360 and look where that got us.
A "chart" doesn't dictate economics, nor can it interpret fiscal performance.
Did his chart tell you ISM was on the verge of collapse, or that GDP was actually .4 and not 1.9? Did it tell us the constant readjustment DOWN of GDP estimates?
The rich own the stock market, and the last thing they want is to give up their wealth, so they will continue to tell each other how amazingly wonderful everything is. Much like the titanic when people thought it could never sink.
You're negative on the mkt, yet last night you said you were net long 8%, I believe. Maybe you just trade in and out of the mkt, but your posts dont seem that way. When do you plan on getting short? I agree your comments on TA, but I don't agree on it.