Upside Surprises In Frothy Markets: Contemporary Art And The Big Board

Maybe, I should be talking about downside surprises, as the market flirts with 1,900, but I'm not. The W formation of the S&P 500 Index, starting in 2000, then plumbing the depths of 2008 – ‘09 and the subsequent recovery to the present has already elongated the right side of the W so this formation is history. Timothy Geithner won’t let us forget it.