Short position on Stock Market- Leveraged Loan catastrophe Pt. 2
The # 1 Wave Count to think about at this time is.
My opinion --- at this time we are in Wave 2 down of a Five Wave move up.
Wave 1 up started 12-26-2018 low --- "DJIA" --- and ended at 26,696.00 on 4-23-2019.
The # 2 Wave count to think about at this time is, we are in Wave 4.
For information only.
I could be 100 % wrong and you could be 100 % right.
Only time will tell.
"One Eye Jim"
If the correlation holds above 90, you can very easily take the foreign indices, isolate them to form their own index and see how much of the drag in those other economies will impact that of the US... after all, they’ve already begun recessionary periods with reduced consumer confidence...
we could very well use this as a lead to forecast how much our index should be affected by default on a regressive basis.
Just a thought.