Well, I imagine I’ll go mute once the Fed Minutes come out, since I’ll be quite occupied, so I’ll toss one more post out there before the maelstrom.
I found the analog below quite interesting. It shows the semiconductor index, or $SOX. One the top is the 2004-2007 time period; on the bottom is the recent past. Note the two tinted areas, and note particularly how the second one overshoots the trendline just a little Interesting, yes?
Bonus Image: my dog has the sweet life (he’s eating Kettle Korn):
