mondayitis, page-59

Treggs is right the clock doesn't work very well particularly with this current supercycle. It was a little bit useful in previous cycles where central banks deliberately stepped on the brakes from time to time but this one has been a bit out of their control. Its also been the case recently that asset classes have risen and fallen together, and that central banks have been behind the curve in responding to market moves. What you can salvage from the clock is that markets both rise and fall and that central banks sometimes try (and sometimes fail) to moderate these moves. Not much you can hang your hat on for market timing though.