WE are going to see an increasing sell off -- because this market has more LEVERAGE and Margin accounts (they're at historically high levels) and there will be margin calls.... When that happens - the selloff become steep and swift.
We need it - and it should happen.
It busts me up that the TV talking heads can toss out the big numbers and are all about "wow -- 300 point selloff".... do the math -- that's a whopping 1.9ish %... We need a 500 point down day. That will take out a lot of the margin accounts - which would be a good thing. If you're stupid enough to be buying stocks on margin - then I'm happy to see you getting killed in the market.
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