Hi Tony -- because the word crisis (and it was) sells more papers than the word consensus :)
And btw the share market crash didn't trigger gfc1 - it was actually triggered way before that as sub prime was building.
It was only when the market realised the severity of subprime and did it's looking forward thing that people sat up and took notice in mass.
Any grade one student of ta knew that something was up in August 2007 - have a look at the monthly chart of xao - see the bar - open 6187, high 6248, low 5490, close 6248
Now that my friend is obvious. And so basic it could not have been a surprise unless someone was 2 years old.
Note that the market went on to it's high on 1 November 2007 and only then did the rapid descent start - NO surprises.
And it is not only looking back that you can see it - I had a discussion with one of the Stockdoctor analysts at that time (between August and November) and said it was game over - the trend was very clearly broken - and this was before the high.
Same same this last up trend ---- what is the most reliable ta indicator we have of a coming long term bull market???
imo - the coppock indicator. It is unusual for it to give a false signal and I believe it's signal(s) over several indices last year was and is accurate
