Tom McClellan has produced an eye-opening report on how the second year of a President's second term produces a waterfall decline from July to September. We are in that decline right now. Investors should have sold all stocks by now, but it's not too late. In fact, according to the pattern, a brief bounce in the market should give investors one last chance to get out of equities:
The steep drop which began from the July 24 top is happening pretty much on schedule. A brief pause in the decline is due over the next few days, and then a resumption of the decline should appear. The ideal bottom equates to around Sep. 10, although the bottom to go up out of does not appear until a month later.
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19:32
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Posted in: Wall Street Trading
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