Tuesday, September 09, 2014

S&P 500 Chart Suggestion

Alibaba logoWill Alibaba turn out to be a bubble ending signal IPO, sucking the remaining oxygen out of the Fed's highly juiced U.S. stock market just as the 66 months long monetary punchbowl is being removed? 

S&P 500 chart below - a suggestion, for what it is worth. 

20140909 SPX Alibaba
 

Former Chairman Ben S. Bernanke probably feared there would be a day of reckoning in not all that much time. 

Until the music stops, however, the "Chairs" don't mean all that much. 

Yellen Janet big laugh

 


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The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

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