SPX : ON MY WAY TO SUB 1900$!
As we can see from the chart above, the SPX is still in a downtrend.
Given the current economic conditions, it is unlikely that we will see a reversal in the near future. When we consider the value of the standard deviation used by Warren Buffet, known as the 'ratio of total US stock market value divided by GDP', we see that every time the SPX reaches more than 1 standard deviation above, a correction to below -1 standard deviation tends to occur.
It is important to be cautious and not go against the current trend. It is always safer to stay with the trend rather than try to fight it.
Given the current economic conditions, it is unlikely that we will see a reversal in the near future. When we consider the value of the standard deviation used by Warren Buffet, known as the 'ratio of total US stock market value divided by GDP', we see that every time the SPX reaches more than 1 standard deviation above, a correction to below -1 standard deviation tends to occur.
It is important to be cautious and not go against the current trend. It is always safer to stay with the trend rather than try to fight it.
כתב ויתור
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