The collision of global markets and social mood

Friday, March 25, 2011

Taki's Take

Peter Eliades is the man. Known as Taki to his friends growing up in Lowell, Massachusetts, he is now one of the Godfathers of cycle research. And like EF Hutton, when he talks, people listen.

I came across his chart today of the cumulative advance/decline line going back to 1926. Evidently he too is seeing some warning signs, and has a ton of data to back it up.

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