Dow will peak March 23…just after lunch!

Quoting from this CNBC article,

“The Dow Jones Industrial Average… will hit its peak on Wednesday, March 23rd, specifically “after lunch,” Robin Griffiths, the chief technical strategist at the ECU Group told CNBC.”

Such a claim (based on so-called “technical analysis” (cf. https://en.wikipedia.org/wiki/Technical_analysis)) is total and utter nonsense.  It would appear that the signal-to-noise ratio for this article specifically and much of CNBC content, in general, is close to zero.

Stocks have entered bear market territory, and any rallies from here are just opportunities to sell — not buy, a number of analysts have told CNBC.
cnbc.com|By CNBC
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