If you have been following my analysis, i posted several ideas on why i am bearish on stocks. You can find them in the related links below.
I am just updating with my short position.
thefxchannel.com Best regards, Technician
Trade active
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Comments
jangseohee
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Hi Technician,
Yeller not going to save the market? (Yellen yells, hence she is a Yeller, just a joke)
this is 2011
2015
SPYderCrusher
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strongly agree
LastBattle
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hard to say, but I wouldn't agree to another leg up.
Fundamentals are worsening by the day, especially junk bonds.
SPYderCrusher
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disagree
SPYderCrusher
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just to expans on that, we've been in an earnings recession for several qtrs and tightening should be a bullish catalyst. Junk bonds are doing poorly bc of exposure to basic mats and energy, which comprise a large portion of the junk. IMV this is throroughly discounted by the market.
overall, weve been in a time based, not price based market correction.
According the BoAML, this is the lowest equity exposure in years - not only that but average fund cash is at levels seen in 08, and 11.
Macro picture is mixed to bull. Manufacturing at a 8 yr high, while total inventories grow. Generally youd surmise when both aare going up producers see increase in demand.
Technician
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Could be the case buddy, who knows. :D
jangseohee
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2300+ - before the real crisis
A-shot
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good contrarian idea. Has grounds, but now it will be all based on news
Yeller not going to save the market? (Yellen yells, hence she is a Yeller, just a joke)
this is 2011
2015