Great charts at T Theory.
2024/02/11
https://ttheorygroup...-relationships/
On Wednesday I posted a warning message. It was not a call for shorting, but I did suggest that it might be a good time to begin planning for hedges or sales. I don’t believe that T-Theory, as developed by Terry Laundry, ever suggested shorting the market. Instead, the concept was to find alternative investments that might do better than the one whose T had ended. We expect equities to return no better than the rate of the Ten Year Treasury when a T ends. At least, that was the initial concept. Traders like Marty Schwartz (known as Pitbull), probably did short at the end of a T, but that’s not what a capital preservation perspective would suggest. And the following charts have not broken down, even though Price is extremely high on many levels.
Edited by Rogerdodger, 13 February 2024 - 12:58 PM.
