I will be brief here as I am Jet lagged back from Europe. This is not your mothers QE induced bull market anymore. This is a bear market and the Primary trend is down. Before you want to be a hero and BTFD today. Ask yourself this question: “Do you feel lucky?” This will be a multi day event and I think we get a tradable low sometime next week. However it could be at 1700 or 1500 SPX. This is a Rich man’s panic as the big levered players continue to unwind into this morass. Credit was not fooled by the equity rally this week as it continued to widen. Stay focused and watch credit for it tells you if a move is real. Also take a look at the USDJPY move today as it just broke out of a pennant formation and is likely headed much lower. The carry trade folks will be dumping US stocks today.If you enjoy the content at iBankCoin, please follow us on Twitter
Recovering Large Cap Growth PM. How I invest my own money is nothing like how I had to play the insane benchmark game.
Joined May 7, 2014
165 Blog Posts