Failing the empirical test

It’s just not looking very good for the Keynesians these days, is it:

Dow 7,997.28 -427.47 -5.07%

S&P futures vs fair value: -8.60. Nasdaq futures vs fair value: -15.00.

Nothing goes straight up or straight down. There WILL be a rally coming soon. It’s more likely to kick off in the next two weeks than this week, but there will be a rally. However, don’t be misled by the cheerleaders into thinking that this is anything but a short-term bottom.