Last night’s commentary explained away a 300-point Dow rally earlier in the day by noting that Wall Street seems blithely unconcerned about the growing tariff war. Tonight, index futures are getting socked hard — and can you guess what is being touted by Bloomberg.com as the cause? You guessed it: tariff wars! My suggestion is to tune out such blather and focus solely on the charts. At the moment, they suggest that fear remains on holiday no matter how many truly menacing concerns continue to pile up against a bull market that yesterday entered its 113th month.
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So true indeed whats important and whats not…
Puetz crash window entry 07132018
July 13 2018 solar eclipse, July 27/28 2018 lunar eclipse.
Per Steve Puetz, the eclipse “crash window” is supposed to be from 6 days before to 3 days after a full moon within six weeks of a solar eclipse, but most often panics occur around the time of a lunar eclipse two weeks after a solar eclipse:
“Puetz attempted to discover if eclipses and market crashes were somehow connected. Without discussing our own opinion on the potential connection between astronomical configurations and market timing, let’s simply relate to you the basic findings discussed by Puetz. He emphasized that he is not contending that full moons close to solar eclipses cause market crashes. But he does conclude that a full moon in general and a lunar (eclipse) full moon close to solar eclipses, in particular, seem to be the triggering device that allows for the rapid transformation of investor psychology from manic greed to paranoia. He asks what the odds are that eight of the greatest market crashes in history would accidentally fall within a time period of six days before to three days after a full moon that occurred within six weeks of a solar eclipse? His answer is that for all eight crashes to accidentally fall within the required intervals would be .23 raised to the eighth power less than one chance in 127,000.”
“. . .Puetz) used eight previous crashes in various markets from the Holland Tulip Mania in 1637 through the Tokyo crash in 1990. He noted that market crashes tend to be lumped near the full moons that are also lunar eclipses. In fact, he states, the greatest number of crashes start after the first full moon after a solar eclipse when that full moon is also a lunar eclipse . . Once the panic starts, Puetz notes, it generally lasts from two to four weeks. The tendency has been for the markets to peak a few days ahead of the full moon, move flat to slightly lower –waiting for the full moon to pass. Then on the day of the full moon or slightly after, the brunt of the crash hits the marketplace.”
Have a great day Rick.