The Day Ahead: Sell First and Revisit Later
After pondering the market's state this weekend, my conclusion is that the "sell first and revisit later thesis" is not dead in the water just yet. Even if the propensity to panic sell has temporarily subsided, investors are worried about being rocked again. In many respects, investors' psyches were damaged a week ago. To repairit would require a whole bunch of sequences to develop that don't appear probable in the short term.
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