1) At the last Fed press conference on the 26th of September 2018 Federal Reserve Chair Powell told us
“The US Economy is strong”
“Growth is running at a healthy clip”
“Unemployment is low”
“The number of people working is rising steadily”
“Wages are up ”
“Inflation is low and stable”
“All of these are very good signs”
Since Powell’s glowing report on the US economy
2) The S&P 500 has sold off 342.75 points from 2,927.00 to 2,672.25 or -11.53%
3) The NASDAQ has sold off 1,088.00 points from 7,619.00 to 6,531.00 or -14.28%
4) Crude Oil fell $14.64 a barrel from $71.40 to $55.76 or -20.52%
5) Ask yourself who had more opportunity to make money over the last 35 Years?
A) A long only position trader
B) A long short trend trader
_Major/Minor Bull, Bear market trends 1983 to 2018
5.1) 1983-2018 chart
5.2) January 1983 – August 1987 Bull 139.72 – 337.89 =+141.83%
5.3) August 1987 – October 1987 Bear 337.89 – 216.47 =-35.93%
5.4) August 1987 – August 1989 Bear to recovery (2 years)
5.5) August 1987 – July 1990 Bull 216.47 – 369.78 = +70.82%
5.6) July 1990 October 1990 Correction 369.78 – 294.51 =-20.36%
5.7) July 1990 – February 1991 Correction to recovery (7 months)
5.8) October 1990 – July 1998 Bull 294.51 – 1,190.58 =+304.26%
5.9) July 1998 – October 1998 Correction 1,190.58 – 923.52 =-22.43%
5.10) July 1998 – November 1998 Correction to recovery (4 months)
5.11) October 1998 – March 2000 Bull 923.52 – 1,552.87 =+68.15%
5.12) March 2000 October 2002 Bear 1,52.87 – 768.63 =-50.50%
5.13) March 2000 December 2007 Bear to recovery (7 years 9 months)
5.14) October 2002 – October 2007 Bull 768.63 – 1,576.09 =+105.05%
5.15) October 2007 – March 2009 Bear 1,576.09 – 666.79 =-57.68%
5.16) October 2007- April 2013 Bear to recovery (5 years 6 months)
5.17) March 2009 – October 2018 Bull 666.79 – 2,872.87 = +330.87%
If you have any questions send a message or contact me
Regards,
Peter Knight Advisor
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