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S&P 600 in the near future?

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posted on Oct, 3 2011 @ 12:57 PM
Check out this great technical analysis which shows a classic bearish head and shoulders pattern pointing to a short term trend towards the S&P 500 at 600 points. Looks like we've already peaked on the right shoulder and it's down down down from there.

Notice that after Glass Stegal was removed, we've nothing but extreme 3 to 5 year swings in the stock market. The days of parking your 401K in an index fund (any fund really) and getting 10% a year and retiring comfortably, are over.

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