Thursday, December 18, 2014

Blockbuster Day....but....12.18.14

It was a blow-out day with the DOW up 438 points, the biggest one day point gainer in 2014.
While we may be on our way to new highs all around (IWM is already back to its highs) I thought it might be fun to run the recent swoon through the Ponzo time machine.  Here, for your entertainment enjoyment, is the not so merry multiple scenario forecast for SPY . . . note that the net average of projected equity paths has deteriorated from our last Ponzo update.