Otherwise that long term head and shoulders in the S&P that looms like Godzilla over Tokyo would have more sway. Any astute elaboration on its meaning (or not) handy?
Broadening formation in nominal terms. Series of lower highs, lower lows in real terms. Just a market trying to digest decades of fiscal/monetary irresponsibility. That is not a giant sHs...let me rephrase...let's hope that's not a giant sHs. Some bears are rooting for that, but if a market totally implodes, the agents can no longer play their dominant strategies which are premised upon a market that is functioning
and existent. Equilibrium can't be destroyed, the game won't go on if it is. If you find yourself rooting for an economic/financial catastrophe...you probably need to see a shrink.
Thanks for the Inquiry,