It looks like the small respite we were expecting to enjoy this morning is, instead, going to be more pain. The pain threshold is really pushing the ram against the wall. Very soon, this pain might trans morph into outright panic and then mania — providing true discounts, all the while ruining an otherwise fine year for stocks.
This is the other side of the blade that I love and hate so much. I hate it because it makes life difficult and could become scary. I love it because if timed right, it provides a unique opportunity to buy shares cheaply.
Lots of cross-currents to deal with and opinions are being formed. Everyone is trying to make sense of the simple fact that Wall Street the Show is now performing Act 3 — the tragic decline. Soon this act will be finished and the recovery will be underway.If you enjoy the content at iBankCoin, please follow us on Twitter