Toward the end of February 2007, market watchers were greeted to the start of a new week with the news that the Shanghai markets had suffered an overnight drop of nine percent.
American and European markets followed in lockstep but then recovered--temporarily. A few months later American markets peaked. Then began the historic meltdown culminating in March this year, with the S&P 500 Index bottoming intraday at 666. Now we're up 50% since then, pushing toward the 1000 mark. Will it last, or is history repeating itself, including some all-too-familiar Far East market hiccups?
Here's how the RLH model has seen things since the early 1950s.