The action on the S&P500 so far this year is playing out in the same way as 2012. This is quite uncanny, but it looks like 2012 is going to be a repeat of 2012.
The chart below shows two lines, the top line charts the course of the S&P500 from Jan. 2, 2012 to the present. The second line, which unfortunately is completely obscured by the top line, charts the course of the S&P500 from Jan. 2, 2012 to the present. It appears, to me at least, that 2012 is playing out exactly how 2012 is playing out. The “R” is 1. Now, I know correlation is not necessarily causation, but, like I said, quite uncanny. Even the volume behaviour (the histogram in the lower portion of the chart) is the same.
I’m blaming AAPL, or The Fed, or helicopters, or something.
Anyway, if there is any divergence or uncoupling I’ll let y’all know, OK?