"During the week of July 16, 2007, Bear Stearns disclosed that the two subprime hedge funds had lost nearly all of their value amid a rapid decline in the market for subprime mortgages."
The DJIA and the S&P 500 are showing far more topping out signals than they ever did before the GFC. What have we now 32 or 33 failed breaches of the 2,100 mark by the S&P 500 (I've lost count). I'll close my HC account if this latest breach doesn't prove to fail by Xmas day (of course it will fail a lot sooner than that though). Chasing gains in these indexes is like inviting the grim reaper for dinner. Notice the similarity in the large amplitude (wild swings) and long periods of those swings in the MACD of both charts (relative to the MACD's preceding behaviour in those 5 year periods).
