02-13-2014, 12:52 PM
That's pretty interesting, hadn't seen it before. Hard for me to take it very seriously, though. I don't believe in technical / charting, and I'm sure you can find many many instances of similar-looking slices of charts. It certainly doesn't compel me to sell all my stocks to avoid the possible downturn.
And if it does come to pass, I'd actually be pretty glad to buy more shares of the best companies in the world at depressed prices. My only regret from the 2008 / 2009 chaos was that I did not grasp the magnitude of the opportunity that the markets presented.
And if it does come to pass, I'd actually be pretty glad to buy more shares of the best companies in the world at depressed prices. My only regret from the 2008 / 2009 chaos was that I did not grasp the magnitude of the opportunity that the markets presented.