Thursday, December 4, 2008
The 2002 CRB bubble bull
After reading a stand out trader named Atilla's comments about the mutual funds and how they are about to puke up their core holdings I thought about the things that might trigger this and I believe the answer lies in the commondities market. Looking at the CRB index you will find that we have just cracked the .618 fib and are about to capitulate down to and probably beyond where the crb bull market began back in 2002.
Remember that the entire market was build on fluff from 2002 right up into the top. Keep your eye on the CRB index.
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