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QOTD: When This Cycle Ends…

Posted By Barry Ritholtz On September 23, 2011 @ 10:30 am In Cycles,Investing,Valuation | Comments Disabled

You are so CORRECT with this observation, IMHO:  Before this full cycle ends, will the March 2009 lows hold?

Ron Griess of The Chart Store [1] fame makes the following observation:

“[Its possible that] the current phase swoon ends 1,010 to 1,100, year end stabilization/rally (right shoulder builds) and the final wipeout commences sometime next year.

It is amazing how many long-term bottoms are made in years ending in 2.  1932, 1942, 1962, 1982 and 2002 come to mind.”

Great stuff, Ron.


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[1] The Chart Store: http://www.thechartstore.com/

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