How Long Can Mr. Market Waffle?


Your guess concerning what the stock market will do next is as good as mine. From a technical standpoint it looks like a coin toss with regard to the question of up or down, even BIG up or down. It’s tempting for me to say that Mr. Market can’t waffle for much longer. But as we know, he could screw with our brains for a hundred Sundays without divulging much of anything. If I had to bet on one indicator, however, it would be VXX, an ETF that tracks short-term S&P volatility. I have been predicting that it will go significantly lower in search of a launching pad. That implies that stocks will continue to move higher in the weeks ahead. I am not ruling out a devastating collapse as soon as…tomorrow morning, but betting the ranch on this has not been a winning game.

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dolbiere July 6, 2017, 5:04 am

that’s spot on analysis.

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