I have to agree with your monkey comment. That’s why I periodically post a market update on this thread. Although I anticipate some pullback/correction in stocks (Thanks Chris for providing some more insight from a traders’ perspective) the original notion of predicting a 50% drop in S&P 500 because of a 50% drop in a housing index solely based on the fact that they are correlated is both naive and mathematically incorrect. Simply because things are correlated, does not mean that there is a 1:1 translation of one factor to another.
If life were only that simple.
