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Technicals were a big red flag several days ago BEFORE the sell-off... here's an update:
Not so sure anymore with
and rating agencies are playing with the indices!
The Fed won't intervene without a major index down 20%. We were only down 10% in the most recent correction.
Though we may get there sooner rather than later if the US markets follow international markets.
SPX still up over 5% YTD. I don't see QE until we test 1200.
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