As outlined by US markets, the financial mania has likely completed. September could
reverse the action from bull to bear. As we have been reviewing it, the fall liquidity
crisis could become serious enough to prompt a serious re-assessment of the
competence of intrusive central banking.
Our Springboard Buy model provided a “Buy” on November 3rd, just ahead of the US election with its potential for a pro-business administration. Because it was so explainable, we called the rally “Rational Exuberance”. April’s “Dip” also registered a Springboard Buy from which we called for a speculative surge into “around June”. New York could clock a “final thrust” into September, which would be helped by firming prices for industrial commodities “through August”.
Outstanding technical readings, comparable to 2007 and 2000, have been accomplished.
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