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Biotech / Medical : momo-T/FIF

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To: scaram(o)uche who wrote (11965)12/21/2018 4:38:36 AM
From: Robohogs  Read Replies (1) of 12215
 
Futures and $SPY both distorted fyi. Futtures had big run (musta been 15-20 points) after cash mkt close but before globex day ended and re-opened. So like -15 spx is cash flat. Spy is simikar but due to dividend I assume (usually right after futures roll quarterly).

I read elsewhere that hedgies all getting monster redemptions or blowing up. So forced selling. Assume it is over by end of next week. Slall caps just gone in most industries. January could be interesting. Valuations if not using highly mfd CAPE crap, look stupid. Economy real stars look fine. LEI may be rolling but not for sure. I think this was hissy fit. THIS is the impact of 2000 and 2008. Folks using monthly MAs to try to miss the bear. The bear adjusted and folks let fear cause a massive downtick in valuations.
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