I’m going to do a super-lazy post and show you an article that came out today in the Palo Alto Weekly about my House Safari product (which is distinct from my SocialTrade VR product; yes, I have been busy recently). Click on the image for a readable version……….
I’ll be the first to admit, if you asked me Tuesday, I’d say the odds of this were about zero.
As the VIX got pounded back into the sub-teens today, it occurred to me to compare the present activity to the period preceding the financial crisis. What I found was interesting. The chart below (click it for a much bigger version) shows 2003-2007 on the top and recent history on the bottom. You may notice a lot of similarities between the top and bottom, and I’ve drawn a red line at the top showing the equivalent of “right now”.
It’s a pretty quiet morning, except for the 3,893th rumor about some kind of OPEC agreement (which, again, was dismissed). Glancing at small cap equities, it’s startling how swiftly they undid the damage from two Fridays ago (tinted below):
I am constantly picking on Pier One here on Slope (here’s a specific one), and with good reason – – I think it’s heading for another collapse, just like it did during the financial crisis (when scented candles and useless imported trinkets fell out of favor). I think we’ve got a long way to go still.