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Mea culpa, Laundry's Confidence index.


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#1 jjc

jjc

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Posted 09 September 2016 - 05:12 PM

Laundry's Confidence index soared this week. I had mentioned that I drew (a somewhat clumsy) T that would end this week and clearly looking at the index it did not. It did correlate with a top in other things I look at so I posted a comment about it late last week.  While the market performed as though a T had ended, one did not. Two comments:

 

 

1. I don't think the confidence index suddenly stopped working.

2. Given item 1. It looks like we still have higher prices for some of the indices to come, IMHO.