These are tough volatile markets and for all traders, it is full of opportunities which change on a daily basis. When you step back and look at the market in a broader perspective, the ability to see how the market overplays moves is better appreciated. Here is a chart of the spot SP500 emini futures against a proprietary model which calculates fair value by various performance criteria. Similar to a previous posted chart but a bit less harsh on just how much the SP500 is undervalued.
Wednesday, July 9, 2008
Prone To Hyperbole
These are tough volatile markets and for all traders, it is full of opportunities which change on a daily basis. When you step back and look at the market in a broader perspective, the ability to see how the market overplays moves is better appreciated. Here is a chart of the spot SP500 emini futures against a proprietary model which calculates fair value by various performance criteria. Similar to a previous posted chart but a bit less harsh on just how much the SP500 is undervalued.
