…or is it more like a bullet ricocheting off the floor, about to hit us in the cojones?
Sixteen days late, but tonight I finally got around to updating my “Stock Market Seismometer” (see separate tab above) for the period ending July 2009. It was a relief to see the control chart has moved out of “extremely over-sold” territory and into the “highly over-sold” range. I had to go to all the trouble of changing the font colour from red to orange! The index is now back to where it was in October last year, and continues its inexorable march upwards.
NOT FINANCIAL ADVICE. For academic interest only.