This chart came to our attention via the Business Insider Chart of the day. Apparently it was produced by an analyst a Citi and is turning a lot of heads. Three years on, the S&P closed yesterday at exactly the same level it did on October 3, 2008. After that, well, bad things happened. Coincidence?
Tag Archives: S&P 500
72 Hour Call for May 9, 2011
Today’s Call: British Pound to rise vs. USD. Currently $1.64:1.
Rationale – Natural Disasters in Japan, Emerging Fiscal Disasters in Eurozone and US Debt ceiling stall to quietly drive Pound purchases extending May trend.
Result of Call for May 4, 2011: S&P 500 Index to rise. Was 1,347.32 (taken mid-day, adjusted to closing price), Currently 1,346.29. Bad Call (Just barely).
Calls to Date: Good Calls: 13, Bad Calls: 11, Batting .541
72 Hour Call for May 4, 2011
Today’s Call: S&P 500 Index to rise. Currently 1,346.
Rationale – Expected Friday influx of various retirement plan purchases to coincide with payday to offset sell off due to today’s US Jobs numbers.
Result of Call for April 29, 2011: British Pound to Rise vs. US Dollar. Was 1.67/1. Currently 1.65/1. Bad Call
Calls to Date: Good Calls: 11, Bad Calls: 10, Batting .524
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