Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||TickerCon; entered at 2011-04-16 23:14:56|
Registered: 2007-07-13 Big Trees
Great visual! But what is the expiration timeframe of each level? That is, how long will TickerCon be at a given level without anything happening before it is dropped? Could be different lengths of time for different levels, for example 3 months for level 2, 1 year for level 3, etc.|
"Alert states" always need some kind of expiration timeframe or they become discredited. The poster child is of course the TSA threat level which has been at orange since August 2006 and everybody long since stopped caring or even noticing. Apparently the whole threat level approach is about to be scrapped:
I sincerely applaud the reminder of financial risk but if it stays at level 2 for a long time (say, 6 months to a year) without any evidence that the Fed is losing control or any noticeable increase in capital-market volatility, TickerCon will lose any beneficial effect. It would be better to drop it again than to leave it high indefinitely.