First off those in the path of the Hurricane be safe, smart, and hopefully it swings as far out to sea as possible. Like a Hurricane, the market is unpredictable and requires caution as well as preparation. It also cares little about you, and fighting it is hazardous to your investment portfolio.
Let's start with the positives first. You survived last weeks eclipse without harming your vision. {Thumbs up emoticon} Oh yeah... and it turns out all those eclipse market crash articles were meant for 2024 not 2017. Now that we have that out of the way, it's on to some more pressing matters: Did the bull market make a meaningful top earlier this month? Where are we headed in the weeks and months ahead?
The top is in! ....until the market makes another top... and another one... and another one. First the market has to shake this bout of fear. Just a few weeks ago fear had never been so low, at least measured by the VIX. Despite all the drama and even aggressive comments and actions from North Korea, the VIX hit 8.84.
