Well, that was interesting. When I was writing at 4:30 AM yesterday, I was not aware that Shanghai had dropped nearly 9%. I do recall however what made me place a high probability on the idea that US Equity markets were in the temporal proximity of a top in prices. I think [...]

Despite rather than because of former Fed Chairman Greenspan’s declaration yesterday about recession on the horizon, I think the odds that we have just passed or will soon pass the peak in stock markets here in the US is high. I do not have the same luxury of time I used to have so [...]