This article compares downturns by the points lost, not by the category that really counts — the percentage drop. And it compares a two-day drop with massive one-day declines. That’s not comparing oranges to oranges.
In short, not a very helpful or sophisticated analysis.
Naked shorts for all!
Agree 100%, this is an article written by someone trying to impress those uninformed.
This article compares downturns by the points lost, not by the category that really counts — the percentage drop. And it compares a two-day drop with massive one-day declines.
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True, but such nonsense creates blog clicks, which is what really matters.
Something that I haven’t heard anyone talk about is the effect of the sovereign fund sell offs. In their bid to drive oil down and the U.S. out, countries like Saudi Arabia are using their sovereign funds to pay the difference between oil sales and outlays, which has become larger and larger. They will have to keep selling, no matter what the market does.
>> In short, not a very helpful or sophisticated analysis.
I’m shocked to find such an unsophisticated one-sided analysis on a site named “Economic Collapse”. :-)
Exactly. I stopped reading the article when it became obvious that the author doesn’t even know what he’s writing about.