Jackson Hole 2011

Couple months ago, I out together a chart on the roadmap (of how the US is dropping into and staying a hole)

http://readingtowin.blogspot.com/2011/03/whats-next.html

Now QE2 ended. Now the market is talking about QE3. Will history repeat? In my Behavior Finance class, I learned it's human to make mistakes; it's human to repeat the mistakes; it's human that nothing changed in the past couple million years.


Here is my updated chart. US market is not closed yet. SPX is currently defensing 1210.
add: I feel I need to add today's market action into my chart.
Dow recorded largest drop since Dec 2008.
SPX: largest drop since feb 2009.
We now back to nov 2010.

God bless America!