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some thought about Banks and Sep market move

Banks run in the last summer are triggered by rumors without solid analysis.

As I repeated so many times to my friends all over the world, this is Not 2008 again.

The banks balance sheet and cash flows are extremely strong and even better than 2010 based on our analyst.

We are looking forward  a weak Sep economy data including ISM etc.

And Ben would not make a QE3 just in Jackson Hole because of the current inflation levels.

So the market's tone is neature till we near Q3 earning kicks.


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.