Posted on 08/05/2014 11:45:45 PM PDT by Citizen Zed
Last week, U.S. equities dropped 2% to 3%, depending on what index you monitor. That had the financial columns full of crash warnings about the coming plunge. Now to be fair, we have seen these headlines for a while now, so it's not like they just suddenly began to appear, but the fact that there actually was some selling added a little credence to the crash worries. Sure there were a few voices of reason, but for the most part, the coming declines were all but set in stone as far as most commentators were concerned. But is that really the case? Is it finally time for a crash?
(Excerpt) Read more at marketwatch.com ...
As my brother say’s, Markets never crash off their high. They crash off a series of losses.
FWIW: I’ve never made a dime from my brother yet he’s seems to have made millions.
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