“When you come to a fork in the road, take it.” – Yogi Berra
Lot’s of chatter out there about the 2008 and 2010 analog for the S&P500 so we constructed a tracking chart for you. Note the index is right at the return of the 2008 analog and faces similar events, which caused a nonstop year-end rally in 2010 and swan dive in 2008.
As all eyes are on Bernanke looking for clues of a new round a quonto we’ll be more focused on Trichet. The future of Europe and the global banking system is highly dependent on his policies over the next few months. Stay tuned.
(click here if chart is not observable)