Well hey this is reality here. Bailout will and isn't working, buying stakes in banks wont help, the fact is we are just in a contracting environment and worse we are experiencing deflation across all asset classes.
The DOW is in sell mode and I dont see any form of panic yet, which is scary. No panic means we can go much much lower before we even get a meaning full bounce in this bear market. With 3 minutes to go we are the lows of the day and we have completely wiped out the huge day up of over 900 points.
Don't buy, don't buy, play short and you will be happy we are in a bear market.
MARKETJEDI
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- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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