I swore I wasn't going to put this chart up, but I did the damn thing, so, sigh, wad ever. These are the massive blast off's we've had over the last three years after we've broken through a prior high, that's the red numbers, IE, the rise in 2010 was 14.7%, 2011 it was 6%, 2012 it was 4.7%, so far it's been 2.3%, see a pattern?? The main reason I did this chart was to get my typical rag in on bubble vision, some times called CNBC, that's the GREEN percentages, for every time I hear them talk about a "rally", the first words out of the mealy mouths is, "Since the "BOTTOM" on..........................(add your own date in there) the market is up.........blah blah blah"! The reason I bring it up is because I guess that "investors" don't count any more. "Investors", of course, NEVER sell, and the only GAINS they see, are when the markets go to NEW highs, those LOWS that CNBC talks about, are called "DRAW DOWNS", hahahahahaha! Ya Know, there was a time that I recall when all Bubble Vision talked about was "INVESTORS", before "investors" got wise and abandoned them, so now they only talk about "TRADER'S", because, of course, as we ALL know, every trader out there ALWAYS brought those EXACT LOWS!
I actually DID buy that Dragon Fly doji in November, hahahahaha, I said so on the blog, butt, aaaaaahhhhh, naturally, I, MAY, have sold out just a tad early, hahahahahahahahahahahahaha! Well, not in the case of the Q's at least.
MARC FABER FEARS 1987 REDUX MARKETS WILL PUNISH INTERVENTIONISTS