Subject: Re: Maybe, the tide turned
Its remarkable how much prices, sentiment, and the bear catchers and other indicators have changed since December.
Hard for me to understand the magnitude of this shift based on macro factors, but then again, animal spirits dont read the macro book, or even listen to the Fed Chair.
This weeks action in particular felt like a replay of late 2020 and 2021 - with crazy price action on meme stocks, unprofitable tech etc etc
Its also worth taking a moment to acknowledge Jim's major bottom detector call from late September early October, and Zeelotes more recent indicator performance.
Couple of questions:
FC - Do you track the Coppock signal?
FC - Any suggestions on specific preferred's worth looking in to?
And for bonus points...how long does it last?