Monday, August 8, 2011

The Fourth Horseman of the Rubicon!

I resubmit a post from April in its entirety. The S&P 500 closed that day at 1,360.48. The gallows humor joke now has a punch line.

Just three? Didn't the legend imply that there would be more?

1. Conquest
2. War
3. Famine
4. Death

Which one are we missing?

See Also:
Crossing the S&P 500's Rubicon v.25
Four Horsemen of the Apocalypse
Sarcasm Disclaimer

Source Data:
Yahoo Finance: S&P 500


Stagflationary Mark said...

I have faith that the S&P 500 will once again close above 1200. I'm just not sure if it will be in my lifetime. Who knows?

Mr Slippery said...

Most bears thought the S&P would bounce at 1150. Instead, it blew through 1150 down to 1120, went back up and tested 1150 and failed, falling to close back at 1120. That is a clearly bearish action since now 1150 is resistance for any dead cat bounce.

The sell off happened so fast that the buy-the-dippers are still in shock. More to go IMO, but there might be some divvy deals on the other side of the apocalypse.

Watchtower said...

I was starting to think that the Dow 10,000 hats were going to be deployed today.

Stagflationary Mark said...

Mr Slippery,

I'm reminded that in the Great Depression, more money was lost in the aftermath of the initial crash than was lost in the crash itself.

The S&P 500 trades at 1998 levels. There's been a decade of aftermath so far. Since we've decided to prop everything up, I think the duration of the aftermath could approach infinity. Sigh.

Stagflationary Mark said...


I think there is a very good chance that Dow 10,000 hats will be redeployed in my lifetime.