A Legend On Today’s Fed Decision And The 2nd Most Hindenburg & Titanic Warning Signals In 30 years
KingWorldNews.com
September 26, 2018
Today a legend discusses everything from Julius Caesar to today’s Fed decision and the 2nd most Hindenburg and Titanic warning signals in 30 years.
Caesar Across The Rubicon, Pompey, Cleopatra & Ptolemy XIII
September 26 (King World News) – The following is from legend Art Cashin: On this day in (+2) 48 B.C., one of ancient Rome’s most brilliant generals, a certain Pompey the Great landed on the shores of Egypt. (Mr. Cashin! Yes Sister? Please try to remember the general’s name is pronounced Pom-pea; Pom-pay was the name of the city buried by the eruption of Vesuvius in 79 A.D. If you don’t pay more attention, you’ll never remember enough history to get out of the 6th grade, let alone enough to ever help you in business! Do you understand??….Yes Sister!!)
The always insightful, Jason Goepfert, the head guru at SentimenTrader wrote a bit on the apparent drift in the drift:
Fed fade. There has been a generally positive bias to “Fed days” when the Federal Reserve announces its policy on interest rates. That has changed since the end of QE in October 2014. Since then, Fed days have been positive only 40% of the time. Buying the day before the Fed meeting and holding for the next two weeks resulted in only 12 wins out of 30 attempts, with risk of -2.2% versus reward of +1.6%, during a time when the S&P gained nearly 50%.
Jason also notes the recent cluster of technical warning signals:
More warnings. Over the past 3 weeks, the NYSE has generated the 2nd most Hindenburg and Titanic technical warning signals in 30 years, next to late December 1999 and tied with mid-December 2014.
The Rest…HERE
