Volt, thanks for your posts. Very informative across so many areas - one thing that has stayed with me for some time is the fact that Ferrera and Laundry are so, so completely opposite in their forecasts.
Laundry is still sticking to his bullish run, but if the market had declined as per his initial forecast in October, also in line with seasonals, then I would be comfortable trading in line with his thoughts.
But IMO, the seasonals have been postponed, unless next week is a bumper rally, I see more sideways movement, and then traditionally January/February a tough time for stocks - so delayed seasonal activity perhaps could lead to dramatic January/February action.
When Ferrera and Laundry are disagree completely in their timing and market action - it highlights that some big Goldman or JP Morgan guys know what they want to do with the market - wish they'd hurry up though, as it would be great riding their agenda for some bucks.
Thommo
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