What a crazy start to 2016!

Of course, it is no crazier than the 3rd quarter of 2015 so far, when we had our August crash followed by a slow September bounce that led into a mega-rally that closed our year off back at the highs. At the moment, we are playing with the premise that it’s the highs that were wrong – NOT our current 1,900 level on the S&P. We’re not expecting any big rally here – just consolidation.

This is nothing new, of course. Back on December, 2nd, in: “Which Way read more >>>