RE: RE: RE: RE: Black Monday?There will be NO Black Monday.
Extreme volatility anticipated this week. Rally Monday likely due to oversold conditions, and probably some of Tuesday. A massively steep selloff to test Friday's mkts lows is very likely for Tues/Wed.
Forget about the downgrade. Rating agencies are a joke. They didn't see the problems in 2008, they are simply clueless. The market is the king and makes the decisions - not the rating agencies. Look at how the Japanese have tried to supress the Yen. It hasn't worked. So why would we think that this rating agency will have any impact other than a short term gyration?
The dynamics of this situation are not well understood. Sentiments are currently extremely bearish, and that is extremely bullish.
Very dangerous to be short. A freakish short squeeze of the century kicks off this week.
Cover shorts and get long the mkts for the short squeeze. 1385+ is my first target for S&P, and could reach or exceed all time highs.
I can't stress enough warning to the bears. Get out while you can! Stay in cash if concerned about this situation - do not get caught in the squeeze....
https://cyclicalmarketanalysis.blogspot.com/
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