“…Greece is a dangerous precedent. … it remains my view that over the last few months markets have been in the process of making a broadening and important top. Markets are, by most measures, in fact teetering. …
“Technically, leadership is narrowing — a likely prelude to second-half downside volatility. … ‘The Smart People are Selling’ and China is like Humpty Dumpty sitting on a wall. And lest we forget ‘Short in May and Go Away.’
“I expect rising volatility and lower stock prices ahead, and I remain defensive in a market that seems to be finally wavering in price and appears to be on a ledge of sorts.”
— Excerpt contributed by Jason Kelly
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| Z-val: | Doug Kass |
| Via: | Tumblr |
| Date: | 7/9/15 |
| Disposition: | Short-Term Bearish |
| S&P 500 on 7/9/15: | 2051 |
| S&P 500 on 10/9/15: | 2015 |
| Change: | -1.8% |
| Judgment: | Right |
Z-val definition and more forecasts in The Z-val Zone.
