jvi

Thursday Outlook: New Lows?

I admit that I don't even know how to read those charts. But my sense is that this isn't about retesting lows. This is about fund liquidation. Prices may drop quite a bit as Nov 15 approaches, and may spark a panic. But I see things looking up after Thanksgiving and through December, after the hedge fund redemption period has passed, and hedge funds start buying back all the stocks they've been converting to cash.