Coincidence? Am I just looking for a bearish case? Not sure, but as Einstein said “if you ain’t confused, you ain’t thinking!” Not sure he used the word “Ain’t” but whatever! 😛
Anyway, I probably should not be posting this chart when the S&P is down. Someone might look at this and go out and short the living Schitt out of stocks. I know that to be a fact, because the thought crossed my mind 😀!
Anyway, as I have said before, my belief is that the budget deficit is too small for the market to start a new uptrend. This chart provides some evidence that I might be right. Just a peice of the puzzle and not the holy grail of analysis.
Predicting the future ain’t what it used to be!