A Roulette Wheel Has Taken Over S&P 500 Stocks. Here’s How Not to Lose Your House.

For the past five years, the S&P 500 Index ($SPX) has either been risk on or risk off, with not much time spent in between extremes.

As I see it, investing has become more akin to gambling. That’s made the SPDR S&P 500 Trust (SPY) lot more like a roulette wheel that tends to have runs of consecutive patterns coming up. So most trends are more than one or two in a row.