CENTRAL BANK INTERVENTION COMING!

Too Many Cracks to Allow Further Delay

Gordon T Long
3/16/2016

MARCH 2016 Edition

1

Copyright 2016 GordonTLong.com

Restricted
All Rights Reserved

general@GordonTLong.com

CENTRAL BANK INTERVENTION COMING!

Too Many Cracks to Allow Further Delay
MARCH MONTHLY MARKET COMMENTARY
MARKET MESSAGE ................................................................................................................................. 3
I DEFINING CHARTS ..................................................................................................................................................................12
Defining Chart #3 - The Big M and Super Cycle b .................................................................................................................... 13
Defining Chart #4 Intermediate Term Topping Process ............................................................................................................. 14
II TARGETS .................................................................................................................................................................................25
III QUARTERLY SENTIMENT RISK AND FUNDAMENTALS ..................................................................................................30
NEW-SENTIMENT ............................................................................................................................................................................. 30
NEW-RISK ANALYSIS - Complacency .......................................................................................................................................... 37
NEW-FUNDAMENTAL ANALYSIS Valuation Summary ............................................................................................................ 38
IV STUDIES..................................................................................................................................................................................39
MARKET BOUNCE A Retracement or Market Turn? .............................................................................................................39
CHARTS OF NOTE ............................................................................................................................................................................ 39
Q1 EARNINGS Earnings Estimate Reductions ......................................................................................................................45
STUDY: Q1 EARNINGS -...............................................................................................................................................................45
CHARTS OF NOTE ............................................................................................................................................................................ 45
BUYBACKS Slowing Due to Debt-Credit Rating Concerns .................................................................................................49
STUDY: BUYBACKS .....................................................................................................................................................................49
CHARTS OF NOTE ............................................................................................................................................................................ 49
GOVERNMENT STOCK BUYING Governments Increasingly Buying the Equity Markets ...............................................51
STUDY: MANIPULATION ..............................................................................................................................................................51
RESEARCH OF NOTE ...................................................................................................................................................................... 51
US RECESSION RUMBLINGS ......................................................................................................................................................55
CHARTS OF NOTE ............................................................................................................................................................................ 56
V - TRIGGER$ ZONES ...................................................................................................................................................................68
VI - DRIVER$ & BIA$ .....................................................................................................................................................................69
CENTRAL BANK INTERVENTION COMING! TOO MANY CRACKS TO ALLOW FURTHER DELAY .......................... 70
GLOBAL ECONOMIC CYCLE Late Cycle Positioning ...........................................................................................................70
CENTRAL BANK INTERVENTION Track Record ...................................................................................................................72
Global Financials...........................................................................................................................................................................72
RISK A Growing List ..................................................................................................................................................................82
RECESSION We May Be There! ...............................................................................................................................................85

MARCH 2016 Edition

Copyright 2016 GordonTLong.com

Restricted
All Rights Reserved

general@GordonTLong.com