It’s the middle of September and no disasters yet. That’s a good sign. But we are not out of the woods yet. Last week we were looking at a window from Pi to Shemita. It’s possible the Pi fired off. First of all we have the DAX, which left a bearish belt on Wednesday. The margin of error is 2 days and when you consider it took over 31000 days to get here that should be okay.
Facebook came in at 100X earnings. So I was not under the influence of anything when I came out and told you last week I believe this is going to end badly. If anything, since I wrote last week’s column, I am more convinced we will have some kind of event.