The 10 Month MA just Crossed over the 20 Month MA last week by 3 S&P points. The last 2 times that this occurred was on January 2001 and April 2008 where the declines in those bear markets really began to accelerate to the downside. Will this time be different? In my humble opinion no it will not. By the way, when this death cross occurred in 2001 and 2008 the Fed had already reversed course and had started easing. My guess is that after this current rally ends (days to weeks) we should see a rather nasty sell off that will scare the living daylights out of most of us. Even if the Fed eases I don’t think they can stop the recession and credit implosion that is coming. You won’t hear about this death cross on the MSM because it is a longer time frame than the very popular 200 day moving average that has always been a meaningless signal.If you enjoy the content at iBankCoin, please follow us on Twitter
Recovering Large Cap Growth PM. How I invest my own money is nothing like how I had to play the insane benchmark game.
Joined May 7, 2014
165 Blog Posts