Two weeks ago I’ve published an article “This time is different”, where I warned that the stock market is totally irrational. I’ve pointed that historically every crash of junk bond market was coincident with a market crash:
All the same pattern for the last 10 years, except this time.
So, this time is finally different? Yes, I think so. The stock market is finally separated from the reality
Now I want to repost the same chart again and show that everything is back to normal:
Now bonds and stocks are crashing together, as they always did.
How much downside is left? I think the McClellan indicator is already not too far from it’s typical bottom:
I want to see it back to “-100″‘s levels before I take some profit on my shorts