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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Monthly Archives: July 2008
The next leg down: borrowers with good credit now defaulting
Over the past 36 hours, equity markets have been staging yet another relief rally. Days and even weeks of counter-trend rally are typical within on-going bear markets such as the present cycle. Bear markets typically grind investors down in fits … Continue reading
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An epic tale of systemic poor judgement
A colourful and honest rant on the Big Picture this morning is a refreshing read: Idiots Fiddle while Rome burns: ” This is financial incompetence writ on a scale far grander than anything seen for centuries”. It reminds me of … Continue reading
How bad can things get from here?
Recently I am repeatedly asked, “how much worse can things get from here?” Firstly, no, the string of bad data does not surprise me. It has been a long time building. This downturn is long overdue. Anyone who is taken … Continue reading
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