[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] Central Bankers succeeded, “Whatever it Takes,” in Creating a Paper Bubble. The most Logical Psychological Endgame is for an Equity Extreme. That potential has always been due after Mid July. The Great Sobriety Society has gone Global.
There are two discrete, unusual indicants for a High near Mid-July and a Low sometime after Mid-September.These “Profiles within a Profile” offer a unique Time Frame for a decline. If another episodic Global Withdrawal of Liquidity occurs, many positions may have to be Liquidated, in a hurry.
So, Risk is still @ Risk. U. S. Equities dodged some bullets in recent weeks. “Global Unrest and Rising Rates have apparently been discounted.”
[/newsletterchapter2][newsletterchapter2 title=”MARKET TIMING FACTORS”] We allowed for: “An Unusual Opportunity for a Tactical Upside Seduction over the next two weeks.” It is occurring. A Bullish Man on the big T.V. Show shouted out: “The Sky is the Limit. Buy any Ticker!” Really?
I do remember August of 1987. The Sky was the Limit then too Unusually Negative Potential remains for an historic “FallFlush.” The Profile allowed for an upside seduction into Mid-July. Here we are. A bit more to go. Global markets remain generically Corrective.
[/newsletterchapter2] [newsletterchapter2 title=”THE ACTUAL MARKET REACTION”]
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