A tip of the hat goes to Matt Thompson, CFA for this tweet.
https://twitter.com/dynamicvol/status/1078030827425054721
Question of the Day
Choice 1: Today is more like 2000 or 2007
Choice 2: Today is more like 2002 or 2009
Choice 3: Neither. The markets will be range-bound for many years
Poll
Mike “Mish” Shedlock
Too simplistic. I trade long and short (mostly options) and rangebound is meaningless without a defined range. Trends are defined by your time horizon or a trades time duration.
Bears and short traders will be taken out and shot.
Those who “buy the dip” will be taken out and shot.
That is the market today.
Excellent comments by six000mileyear
I agree with Curious cat. Wow. I posted this originally without option 3. But a minute later added neither. That’s what went into the Twitter Poll. I will do a writeup on this after 24 hour polling period is over.
I favor Choice 1. The 3.5 and 8 year cycle tops are presently more aligned with those in Choice 1. In Choice 2, those cycles were bottoming. It’s too early for range bound trading. When the 3.5 year cycle bottoms and turns up in 3Q19, it will be somewhat offset by the falling 8 year cycle.
Looked at the results of your poll – WOW!
Choice 1