The markets are very foggy and it is not anyhow fruitful to try to make any long term guess. The markets are best suitable for day trades and for one to two day swing trades at the moment. 

I could write about how I think the markets would go up or down, but we all know it is a coin flip and not serving the purpose here.

I decided to post some follow up charts for the July MMM- report readers. We can easily see that the overall stock markets have basically done no sustainable move since the report.

TLT and gold have both gone up since July 16th issue meaning that the both camps are still convinced that their view is right. So far both ways have been profitable. However, my bet is that one of those will end up tears pretty soon. It is your guess which one it might be. 

Have fun!

Matias