Yea these next few weeks are going to tell the tape. This Friday and two weeks out are cycle dates so I'm expecting the picture to be painted in the near future. So far it looks good but Friday will be the first key to me.
FWIW,...& IMHO,...based on his statements this "guy" appears to have a very narrow view. that is,...
he is contradicting himself,...
what is the stock market made of ?,...companies of different sizes and value and institutions of different sizes and values,..so if "you'll see some institutions in trouble for the next 12-18 months." then how will "the market keep going up" ? hypocritical at best. i would bet he is a pundit for something he is already in and trying to sell it to the markets.
the U$D is on a crash course,...at best it will channel for a while,...
a critical aspect that this "guy" appears to be missing is we are a Global economy and China & India are now huge consumers of Oil,...the markets are rallying now because Oil is being taken down a bit and it is finding new support level and then rallys from there,...once Oil rallys again the U$D will sink further,...
there is an extreme amount of toxicity on many of the US banks (WM, WB, etc)and Large companies financials balance sheet(GM, MER, C, etc.)a country and its stock market can't grow in a toxic envirnoment,..it stagnates,...
totally disagree with this "guy",..
JMHO,...
invest at your own risk, based on your own due diligence, at your own risk tolerance
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