Excerpt from Benzinga quoting DataTrek’s Nick Colas:
…. “The S&P 500 and Dow Jones Industrial Average experienced their worst days since 1987 on Monday as the volatile stock market continues to whipsaw.
While the market has seemingly been extremely unpredictable for weeks now, DataTrek Research co-founder Nicholas Colas said he’s been following a trading playbook based on market action in late 2008.
Colas said in a Tuesday newsletter that his 2008 playbook has been working like a charm up to this point.
The S&P 500 has been following an accelerated track of exactly how it traded in late September and early October of 2008, according to Colas“….
Read the full article here in Benzinga!