Seems to be ranging... still at the same level. S&P needs to lose 4000, if real concern is going to come into play.
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Seems to be ranging... still at the same level. S&P needs to lose 4000, if real concern is going to come into play.
I dont think we get a long bear market. The economy is sluggish which doesnt scare the market.
My bias has been bullish for a month or 2. Even a sudden crash will mean nothing... I expect a speedy recovery if it were to happen. I can't say the same for stocks though. The banking crisis hit earlier than I expected. It induced a shift.
That is true. But the quicker and harder the banking crisis hits, the quicker the time to reversal by the central banks, especially the Fed. I would believe that is going to be bullish for sentiment.