THE VOLCKER RULE always one of the intelligent well written weekly pieces on the net.
"One of the big problems today is that there are tens of Trillions of marketable securities out there – and their value depends greatly on the ongoing creation of Trillions more. Our system needs major financial reform – no doubt about it. From today’s Wall Street Journal: “The White House’s relationship with Wall Street is close to the breaking point.” A war on Wall Street would put Credit growth, asset markets and economic recovery all at risk."
We have been in a correction phase and as noted it falls much more quickly and with more volume than the rallies. Highs may be in, maybe not....but the correction has further to run IMHO.
Mondays have ben rally days, in some indicators we are fuly oversold, so might be spot to bounce from......as being oversold if NO bounce....would not be good sign.
D
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