Jan

18

Six Charts That Show Stock Indexes Teetering at Key Support.  Six major indexes are testing key support levels amid the current market selloff. Whether these hold or break will be a significant factor in determining if the global decline extends. - Bloomberg terminal

One sees a headline on bloom saying that 6 major indexes are now testing support and whether they hold or not will determine the likely course. I don't know what the indicators are but one doesn't know how support can be measure and also whether a break is bullish or bearish. All my studies and the quantifications show that the more the big drop the greater the positive expectation. One indicator is stock to bonds at 11. 78. As far as I can see a multi year low (a well meaning assistant has made it impossible for me to go back for more than a year with alacrity). Which is better, the upside down man's toilet paper view or the 40,000 fold a century view with a view to where it's starting from with a 7% spot from where it was a month ago.


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6 Comments so far

  1. Barman on January 20, 2016 9:37 am

    Can you give me a clue as to who the ‘upside down’ man is? The palindrome?

  2. K Nasone on January 20, 2016 5:42 pm

    For the upside down man, please Google

    newport beach yoga "money manager"

    see especially the entry dated March 2002

  3. Barman on January 20, 2016 10:51 pm

    Yoga, NP Beach, I get it

  4. Anonymous on January 21, 2016 11:46 pm
  5. Anonymous on January 25, 2016 8:25 pm

    Hi, what index returned 40,000 fold in the past century?

  6. K. Nasone on January 26, 2016 5:51 pm

    It should be 20,000, that is a ballpark figure for US Stocks. For an exact number see the Credit Suisse Global Investment Returns Yearbook (comes out every February).

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