Merry Christmas
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Updated 09/12/2016
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Merry Christmas
- 1. S&P 500 Intermediate Term PredictionUpdated 12/09/2016 “祸兮，福之所倚；福兮，祸之所伏” -春秋·老聃《老子》第五十八章 (约公元前571 年-公元前471年). Market Timing: “What underlies the Luck comes with Misfortune; What underlies the Misfortune comes with Luck.” Return Forecastability: “What we expected to be 0 is 1; what we expected to be 1 is 0.” – John Cochrane <<Discount Rates, NBER2011>>
- 3. Momentum Continuation: We called it in October.
- 4. Yellow spikes higher: a gift from the God.
- 5. Golden bear celebrates the Christmas… Lighting Up is Near!
- 6. Tech starts looking good: Merry Christmas!
- 7. Financials: Sky is the limit!