View: From Cautious Optimist To Skeptical Pessimist | ZeroHedge
From Cautious Optimist To Skeptical Pessimist | ZeroHedge
Over the past 15 years, the 3-month change in Durable Goods Shipments has reached a 2-sigma drop just three times before the current plunge; the performance of the S&P 500 over the next two months was as follows:
•June 1998 (from 1133 to 957) -15%
•January 2001 (from 1366 to 1160) -15%
•September 2008 (1282 to 968) -25%
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