Monday Chart Perspective -
Covering $SPY $IWM $QQQ $XLF $XLE and more $NFLX
2008 is off to a terrible start. Check that. 2016 is off to a terrible start. It is the worst two 'weaks' the market has ever seen to start a year since the Bronze Age Collapse in 1206 BC. There are no stats on how many precious metals bugs were around back then, but there wasn't much money in television appearances and book sales during that era. Today fear sells and for the last 8 years the same people have been trying their best to sell it. Perhaps 2016 is the year the get it right.
Heading into 2016 I made quite a few predictions. I did not think two weeks in many of them would already be coming to fruition.