>>The lack of fear is what worries me. I thought we had enough with that -1200 on the Naz tic, but few more things, apparently, must fall in place. Maybe Friday the thirteenth will clean the slate if enough people are inclined to fear that combination (VBG).>>
I agree with you on that point, but may I just interject the thought that perhaps investors are just smarter than they have been in the past? I am not hearing about huge margin calls like in April or last October, and I know that I, for one, am in substantially better shape than I was in April. Instead of getting margin calls, I am now 50% still in cash, although doing some buying lately.
Yes, the margin players are getting hurt, as are some of the LTBH investors. Yet information is readily available at the click of a mouse that was never available before. If you examined INTC earnings, and their position to AMD, their warning was not a surprise, nor was this most recent of many from LU. Anyone speculating in a stock like JNPR or HAND better expect a 50% trim any day, and shouldn't complain when it comes.
Might this be different than all other times, and the market will continue down ad infinitum? Maybe, but history is on the side of a bounce. The election year stats are overwhelmingly in favor of a bounce, and soon! |
