To avoid suffering from excess selective perception, I try to hunt out people who have differing views from my own. It is a challenge to find someone who 1) has a methodology that is defendable; 2) reaches a different conclusion than I do; 3) Has a respectable track record and so 4) cannot be dismissed outright. Ed Dempsey and Michael Gayed are two such people.
New highs this year are certainly possible, but are not what I am expecting. Regardless, this is a rather interesting pair of videos, coming out before yesterday’s face ripper:
Source: After Predicting the “Summer Swoon,” Ed Dempsey Now Sees a “Fall Melt-Up” by Yahoo Finance
Source: The Stock Market: Now More Volatile Than Ever! by Yahoo Finance