Indeed, instead of "X has predicted the last 4 equity tops", it's slightly more precise to say "X has predicted 7 out of the last 4 equity tops". Lots of these indicators over-predict the next crash/recession.
X can be: inverted yield curve, real retail sales growth, the 10 month moving average falling below today's price, the CAPE being in its highest decile, etc
Quote:
Originally Posted by ToothSayer
Never listen to what anyone else says. The world is full of cucks and fake news.