In the 7 years that the Greedometer has been used there have been zero missed calls, and zero false alarms. The 7th warning began in January and in late February,the Greedometer gauge reached an epic 7900rpm which is marginally higher than the 7700rpm maximum reading seen 3 months prior to the S&P500 peak in October 2007. [This article outlines the development and successes of the Greedometer and the new Mini Greedometer and what they are predicting for the stock market in 2013.] Words: 1420
Read More »It’s Time to Apply the “Greater Fool Theory” and Sell Your Winners to All Those Fools (3K Views)
The Dow has surpassed its all-time record high - set in October 2007 - and the S&P 500 is not far behind? Is this the early stage of another great bull market? Let's look back at the two previous times when the S&P 500 set new all-time highs and see if we can learn something. Wait...first put your "this time it's different" glasses on. OK, let's go. Words: 430; Charts: 1
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