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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Proud Deplorable who wrote (89070)11/21/2007 4:16:47 PM
From: benwood  Read Replies (2) of 110194
 
We aren't in panic/capitulation mode yet, but I think the market psychology could tip that way at any moment. Very precarious right now, and the last 30 minutes of trading showed that more people are testing their reflexes for getting out the exit before the rest of their seedy lot.

I think a lot of things could cause sentiment to tip into the gutter e.g. anything that stops people from getting their money out of a bank easily, or any large financial institution going belly up, at least over the next several days.

I haven't seen the markets behave (and feel) this way since... oh, never mind. This is fundamentally worse than that other time, by a wide margin.

I do think it is more likely that nerves will calm in the next couple of weeks however and that a struggle upward will resume for a while. I agree with West though that the roller coaster downward has commenced.
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