1974: The Exception Rules ~ The Risk Averse Alert

Monday, February 28, 2011

1974: The Exception Rules

The media mouthpiece cheering on the bankrupt enterprise called "globalization" today tells us that, since 1941 there have been twenty-six occasions when stocks were positive in both January and February (much as has occurred this year), and in all but one of these instances the market finished positive for the year.

Well, wouldn't you know it, the one year when this positive precursor did not pan out was 1974. 1974: featuring exactly the sort of correction-ending, devastating, cascading selling accelerating into bottom much as I am expecting this year.


The view above presents prospect for but the first wave of devastation ahead. The hard turn lower begun last week should continue any minute now.

Fast Money
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