I provided a model in that link which quickly blew up and as a result, like Clorox, I let it sit without many posts until I could get a better handle on the chart. The main thing I want to point out here is that MMM has likely peaked and is now on its way to either play out the EWI or Avi scenarios. One of them will be wrong. If Avi is right, MMM will only tank down to the level of the prior 4th as shown in red. If EWI is right, well, we are looking at total global economic collapse. Note that this does not necessarily mean the end of the world but if it were to occur then it will probably be the end of the economic world as we have known it since 1913.
As MMM goes, so goes the entire economy IMO. So it is a good bellwether for stocks in general.
No comments:
Post a Comment