Last week decline was blamed on rising yields. Today both the S&P and bond yields declined. The flimsy correlation broke down. Now what do the spin masters attribute the decline to ? Oh wait, didn't Trump announce tariffs on steel and aluminium ?
Was that Granville who said "News is for chumps" ?
I see nobody talking about the log periodic advance in S&P breaking down. Just like it happened with Bitcoin in January. When parabolas break down, every bounce is supplied with selling, by those did not sell it in the first wave of decline. And it becomes self-fulfilling. You can attribute the decline to anything - even to the Belarus hooker who threatened to expose Trump.
Edited by NAV, 01 March 2018 - 11:08 PM.