I kept thinking we were overbought 3 weeks ago...two weeks ago...one week ago...now...I had a few doom's out just in case, but did play futes mostly upside. Goes against my fur...ya know, back of my bear hide from tail to neck kind of rub. :) I say burn it down for a while, but that stupid 2011 comparison haunts me. Although one difference is that QE is no longer in effect to couple with ZIRP. Unless the Fed resumes the juicing, maybe the markets will figure this out. 11/1/15
Aw, boss. I don't wanna rain on your little happy chart, but I wouldn't get all excited just yet. Storm clouds are brewin', but it ain't chocolate raining just yet.
Ah, I forgot to include what wankery I did with this graph: "Now, if you insist on looking at the weekly NYSI SloStoch we can: http://tinyurl.com/qj4bxgt" Made it weekly, bumped the SloStochs down over the NYSI chart, and made the NYSI graph itself invisible so that we can see the weekly SloStoch over the performance of the NYSE. 11/1/15