BCA: U.S. Stock Correction Has Further To Run

[a529612]

The bull market is not over, but the correction in U.S. stocks will persist until technical conditions become more washed out.

http://www.bankcreditanalyst.com/

 

[Aaron]

Quote from a529612:

The bull market is not over, but the correction in U.S. stocks will persist until technical conditions become more washed out.

http://www.bankcreditanalyst.com/

Thanks, a!

 

[ByLoSellHi]

Two biggest threats to equities right now:

Rising bond yields.

Yen appreciation to level below 115 to the USD. Currently USD-JPY 116.5600

The latter (around the 114 and under) would create a systemic shock and crash. The former, an orderly sell off of stocks.

 

[munebags]

I'm just a newbie but my buddy said "XBD didn't rally this market is hosed." I think he meant to say the B/D aren't with the crowd. Which I think means more downside? That seems to jibe with the BCA analysis as well.

All I know is 5.5% PA now seems good. Maybe when I get a margin account I'll "Go Short!!!"