As a writer, a Baltimore guy, and someone who loves horror fiction, I have a special affinity for Edgar Allan Poe, the master of macabre horror tales who wrote some of his best stuff here in Charm City. And one of my absolute favorites was an off-the-radar story called "A Descent into the Maelström."
Turns out, I'm not the only fan of this spine-tingler: D.R. Barton, Jr., a good friend and colleague who's also one of the top technical trading experts in the market today, also loves this tale.
But of course, we're not here for a Gothic fiction reading circle. We're out to make money - serious money.
And we mention "Maelström" because it turns out that this Poe short story is an almost perfect metaphor for the brand-new market "call" that D.R. is making.
Thanks to an array of converging "triggers," D.R. sees an abrupt and dramatic shift away from the largely "correction-free" bull market run that's allowed U.S. stocks to grind their way up to current stratospheric, record highs.
That shift, he says, will be followed by a period of whipsawing volatility unlike anything we've seen in years.
With downside market risk seeming to have taken a vacation in recent years, D.R. says investors have been lulled to sleep and are unprepared for what's to come.
That leaves them open to big losses - even ruinous ones. The unwary will be "treated" to a whipsaw market scarier than anything Poe ever dreamed up.
But, as was the case with the Poe short story, there's a strategy - a "secret" - for surviving the threat.