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S&P 5% down. Been looking for this correction for a while.
S&P Index finally gets a 5% correction. I raised cash back in October and I finally can buy some good stocks back today at lower prices than the levels at which I sold them. Nibbling here.
How many Yen shorts left to cover? That certainly has catalyzed much of this selloff. Once that is over and done with I see a significant amount of pent up consumer demand from the horrendous winter being unleashed, although we might not get confirmation till early Q2. Still, wouldn't be surprised to see a hard bounce , if not significant retrace, before then. This isn't 2008, no matter what Karl Denninger thinks.
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How many Yen shorts left to cover? That certainly has catalyzed much of this selloff. Once that is over and done with I see a significant amount of pent up consumer demand from the horrendous winter being unleashed, although we might not get confirmation till early Q2. Still, wouldn't be surprised to see a hard bounce , if not significant retrace, before then. This isn't 2008, no matter what Karl Denninger thinks.
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