“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Mucking the Financial Sediment
Here we have the bullish sentiment for the financial sector plotted with the financial ETF (XLF) in purple. We anticipate a big move here soon as we approach the one year-plus downtrend line in optimism. Down hard is our guess.
