- Jul 13, 2005
- 35,415
- 27,029
I don’t believe this rally is real
I kinda do. And only because of this dumb chart which is shockingly accurate. Unemployment didn’t increase as much as expected. And especially if next CPI report shows another drop in inflation.
SP (blue line) bottomed every time the real estate market sale/sold ratio peaked (red shaded region). When most people stop buying, we get a reversal in the total stock market.