While history may not repeat, it certainly rhymes. And according to Eric Hadik the financial markets are rhyming very heavily now. The cycles are converging and the stock market appears to be in a heavy topping phase right now. The 7th-8th year of the decade has seen so many panics and crashes that it cannot ignored. 1907, 1917, 1937, 1947, 1957, 2007, every ten years there’s always major happening. It’s a very powerful cycle. Transports may have already peaked and the warning signs are clearly there. Eric has started following crypto-currencies. He called an intermediate top in early June in Bitcoin. Gold is still looking good for the 3rd Quarter of 2017 onward into 2018. Agricultural commodities should be heading up later and oil should be hitting it’s low later in the Fall. Of course no one knows exactly what the future will hold, but we can all get glimpses through cycles.
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