SPX Weekly Chart Matches the Bernie Madoff Returns Chart
Something is special about the long four-year rally that is ongoing (the typical market rally is 30 months; the 2003-2007 rally was 4 1/2 years). Then it was obvious about what was so special. The SPX can be dubbed the Bernie Madoff Rally. The chart action is eerily the same. Madoff turned out to be the largest Ponzi Scheme in history. Makes you wonder how the SPX ends. For now, the Bernie Madoff SPX Rally lives on. Thanks to Bespoke for the Bernie Madoff chart above which was annotated by Keystone.
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