We hope you had an enjoyable New Year holiday with your loved ones and are now back all charged up and set to make 2016 your best year ever!
With those thoughts on mind, today should be the big reward day for those of us who followed our Master Market Forecast that called for a sharp decline in the US equity markets commencing last week and are now short the markets.
With today’s 7% crash in the Shanghai Stock Exchange causing trading to be halted on that market and sending repercussions through the rest of Asia and into Europe, the contagion should cause North American equity markets to see a big selloff day today!
This week is also a very interesting week, especially the period between Jan. 5th and 8th, which is full of important time pressure points that are destined to wreak havoc in the markets!
As such, you need to exercise caution and be ready to lock in your profits from your short positions, always keeping in mind the Wall Street adage “Bulls make money, bears make money, pigs get slaughtered!”