Cycles are the only discipline that allows one to anticipate market turns as opposed to reacting to them.
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Algos, Bear Flatteners, Convexity Hedging, Oh My!
The market could be in a similar position again going into the anniversary of the 1929 top.
Today looks like a big day. It will either be a big down-day or be a big-down, opening reversal.
The market grinned big time on Friday, but can it bear it?
Bearish market participants have been screaming that the bond market is the biggest bubble in financial history.
The song remains the same. The words may differ.
QE ain't what it used to be.