Wednesday, October 21, 2009

15% correction coming in SP500?

I'm pretty sure the market doesn't subscribe to the Poincaré recurrence theorem.
I however, may, this being the second gloomer chart of the day.
("Seasonal Drop in U.S. Stocks May Just Be Delayed: Chart of Day")

That said, take a look at this chart at Notable Calls (click to enlarge):