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Harley Bassman: ‘The S&P Will Likely Check The Oil At The 2016 Election Day Level – A Truly Ironic Coda’
[Editor’s note: The following is from the latest commentary by Harley Bassman. If you’re not familiar with Bassman, he (literally) created the MOVE — more here.]
Excerpted from “I Picked the Wrong Week…”, by Harley Bassman
Barring an Act of God, it sure seems like the Yield Curve will notch up another win by predicting a recession to occur about eighteen months after its inversion. I suppose some may assign a ‘Roger Maris’ style asterisk since it was shoved by the spread of CO
I expect the Bush Boom peak (irony intended) of 1500 on the S&P to be tested as a bottom. I firmly believe in the Senate Republicans’ ability to get this all wrong.
Yeah unfortunately they are bound to ideology so strongly they may be entirely incapable of tolerating the measures necessary to even consider that no supply side bailout will be enough to address a public health crisis.