I was going to reply to you're latest statement 100% up to go, but I have grown weary, my new sig will be "at LEAST 30% down to go"
funny, I look at that chart and see consolidation right now that looks like it will breakout toward the upside... guess it's a "half-empy half-full" type of thing. -kk
Eventually you will be right. But in the here-and-now, 2yr yields heading north of 5%, 10yr targetting 5.25% later this week, oil closer to 75 not 70...blah, blah, blah And yet.... global stocks are roaring! ML raises allocation to equities, EM flows on a tear! If stocks can't go down in this environment then surely they have more room to rally. what say you, Mr Grimes?
That's what you said LAST week. What are your prognostications for this week? How many times have you puked since the employment numbers?