CNBC reports today "MARKETS IN TURMOIL" -
A LITTLE LATE TO THE PARTY !! -
BUT then they SHOW the VIX making SOLID bottoms in the past when exceeding the price of OIL-
Do you think they are right ??
personally, I KNOW that's just WRONG !!
Oil's price cycle has MUCH to do with the market sentiment but comparing it to the level of the VIX is folly.
I WARNED about a MARKET SELL OFF in JULY and some of you scoffed at at me when I CALLED for a 33 yr top on AUGUST 12th- WELL the DOW dropped 2981 points by August 25th --- WAS THAT A GOOD CALL ?? YOU BET it WAS !!
I WARNED AGAIN IN DECEMBER and we got the WORST JANUARY 2week sell off EVER.
SO , CNBC --NOW we all know the market has had a bad sell off- IS THAT ALL THERE IS ?? or is THIS JUST BEGINNING of a PROTRACTED BEAR trend?
JAY CAN ANSWER those questions for you and much much more- My format is posted in the GREEN BOX at the TOP of the page.
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