Bob Janjuah, who has been quiet lately (recall his last piece in which he quite honestly told everyone that “Markets Are So Rigged By Policy Makers That I Have No Meaningful Insights To Offer“), is out with his latest, in which he gives us not only his long-term preview, “ultimately I still fear and expect the S&P500 – as the global risk-on/risk-off proxy – to trade at 800, and the Dow/Gold ratio to hit parity (currently at 8, down from an all-time high of 45 in late 1999) before we can begin the next multi-decade bull cycle”, but also his checklist of 8 things to look forward to in the short-term centrally-planned future.
http://www.zerohedge.com/news/bob-janjuah-sp-800-dowgold-ratio-will-hit-1-next-real-bull-cycle
Speak Your Mind