Thursday, February 2, 2012

SP 500 and NDX Futures Daily Charts - Benign VIX - Goat Rodeo


"My concern is that an improbably large number of things will have to go right in order to avoid a major decline in stock market value in the months ahead. We presently estimate that the S&P 500 is likely to achieve a 10-year total return (nominal) of only about 4.7% annually, which reduces the likelihood that further gains will be durable even if they persist for a while longer. In the context

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