14 October 2015

SP 500 and NDX Futures Daily Charts - Scraping Them Off the Sidewalk

As I indicated the other day, based on the extreme reading in skew, and intraday today on the warning from Walmart and the general lack of economic recovery which is seemingly invisible to the upper crust and their media minions, I think that sometime within the next year or two we are going to see quite a surprising correction in terms of real valuations of stocks.

Whether that is nominal or just real depends on the dollar.

Have a pleasant evening.