Quote from Bombardier:
I am perhaps losing all my credibility posting this, but I wanted to share my observations on this nevertheless. Have you noticed that the current recovery rally looks a lot like the rally in March-May 2008. Merely visually speaking. We all know too well what followed next. Will it be different this time? Have we priced in all the downsides, or did we overlook something significant that has yet to unfold?
So, what do everyone say now about this? after SPX back below 1200, wld naturally think it goes to 1100 first, and if break there, get really ugly?