Chickens coming home to Roost…

A little closer look at valuation chart. Remember yesterday when we posted a long-term chart showing our valuation measure. Here is a closeup, a chart using 30 minute bars, it shows the one day in the extreme overvaluation sector, before crashing down into just over valuation. My view, this market has a lot of work to do, the next headwind is the John Paulson debacle.

And then there is the coming John Paulson Debacle…

Billionaire hedge funder John Paulson says he’ll yank his money from market if Kamala Harris wins election. Better start selling John, we have had enough of the Speculative Hedge Funders who have ridden the tails of the trickle down supply siders, those who decimated the economy for all but the top 10 % for the last 40 years.