Grey Champions and the Election of 2016

[Mikebert]

(08-13-2016, 04:43 PM)Ragnarök_62 Wrote: OK, is there any correlation between CCH and Elliot wave theory ? Another question would be is if any indicator is of use do to the massive FED intervention in the markets? It seems to me that interest rate repression has caused a lot of risk on behavior in the markets.

No correlation between Elliot and what I am talking about.  Of course low interest rates have encouraged asset prices to rise.  That is their intent, to increase investment.  In an era of low opportunity (i.e. demand) investors will buy existing assets.  But as Hussman points out low interest rates simply mask crappy investments with a sheen of respectability.  Or as Bob Bronson put it, turd polishing.