The bloodletting continues …
The market is in full panic mode now. Technical levels are breaking, all data is disappointing, and selling is the only path to salvation, or so the market believes.
I don’t really have much to say about the market, as the process will continue until it is over. At that point, the buyers will return, and it will not be a moment sooner. It will take a catalyst to change the flow at this point, and that will come from a belief in the economic fundamentals. It might take some good data, or it might just be the sellers stop selling and the buyers see opportunity. Either way, we have all seen this movie before, so don’t get caught up in the panic. Sit tight. Wait it out.
Keep in mind the title from my article last Friday – “Does Anyone Rememnber 2008? – This Ain’t That.”
Go have a good day.
Trade in the day; Invest in your life …
Does Anyone Remember 2008? This Ain’t That
