Loading ...Last week’s implosion left the casino oversold. So far, this week is correcting that condition. Recession stocks are leading, the global macro outlook is the worst since 2008, and the Smoot-Hawley trade war is worsening. The denialists did it, they lied us all the way to recession. That hasn’t happened since 1929. Full credit to the inconvenient post-truth team.
This has been the biggest two day rally since February VolPlosion 1.0. As we see, it had the shelf-life of a rotten banana:
The major difference is that this rally is three wave corrective around the 200 day moving average:
‘BTFD’ is the order of the day. Because there will never be another chance to buy the fucking depression like this one:
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