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  • The Entry Point Market Investors May Be Missing  [View article]
    I'll take the opposite side of that trade. When everybody expects an outcome such as a W recession it isn't likely to happen.


    On Nov 04 06:18 AM Mad Hedge Fund Trader wrote:

    > dfh The scariest costume I saw on Halloween worn by a kid dressed
    > as the Dow Jones Industrial Average. Listening to all of the gnashing
    > of teeth and hand wringing after the Friday close about broken trend
    > lines, accelerating downside volume, and crisscrossing moving averages,
    > you would think that a time machine had just magically transported
    > us back to the dark days of March, 2009. The volatility index (VIX)
    > has popped from 20% to 30% in a week. Impressive. A new CNBC poll
    > says that two thirds of investors are now expecting a “W” shaped
    > recession, and that the next big move in the market is down. Once
    > all of the performance chasers finally got the equity weightings
    > they should have had last March, the market could only go down. We
    > cut through support in the S&P 500 at 1050 like a hot knife through
    > butter. Next stop: 980. Then hold your breath.
    Nov 04 13:09 pm |Rating: +1 -1 |Link to Comment
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