We'll have to see if this theory applies to Arnold the Terminator if he gets re-elected. Previous two-timers were Gray Davis, Pete Wilson and Geo.Deukmejian.
Today's negative action was foretold by a couple of extended Sentiment Indicators, at least short term: the McClellan Oscillator (ratio-adjusted) broke the 50 mark, rising to 51; the ISEE call/put ratio screamed to 295 Friday - way over the 200/bearish line. Nearing the overextended zones are the Bullish per cent - at 64, still not toppy until mid 70s. I'm still awaiting a couple more indicators due to Barron's recent delinquent delivery service.
With record numbers of dollars coming out of Money Market Funds, mostly into the crowded trade of short term bonds, anyone who has a minimal knowledge of covered call options and/or an interest in hedging stock market exposure might want to check out: brentleonard.com for an alternative strategy that is low-risk as well as highly rewarding. For those of you wanting more details and actual trading results, a new book is available for $14.95 at Amazon.com: Zero (IN)Tolerance
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