At least it's a gradual selloff
- Thread starter crgarcia
- Start date
Suggests that there is more selling to be done. If we had seen some panic today it would have possibly signaled a bottom for the dip, instead this orderly selling is bearish. A panic sell off is where you think about covering when you are short, but with market internals so bad all day and closing on the lows suggests more of the same in the am.
Not over til the fat lady sings!
Earlier they were talking about fed cutting now they talking about fed raising. Always a scary scenario, reminds me of '05.
One things for sure, global rates are rising, global equities are experiencing sell offs.
The level of complacency is scary. I think the market is going much lower very fast!
Earlier they were talking about fed cutting now they talking about fed raising. Always a scary scenario, reminds me of '05.
One things for sure, global rates are rising, global equities are experiencing sell offs.
The level of complacency is scary. I think the market is going much lower very fast!
At least people aren't jumping off of buildings
Look at the charts, so far we've barely budged. I figure people will only start getting killed when we're down 20, 30, 40%. Not quite there yet.Looking for "panic" as a counter indicator IMO works best after a longer down move which often sees its final move in a final day of selling off heavily on big volume. Too early in this move to look for panic IMO. People aren't nearly hurt enough, most long books will be nicely in the green YTD still.
Study the big drops --- what percentage of them didn't have a lower high before they got really serious?