my belief is in med/long term downtrends, reversals are sharp and fierce and provide excellent profit opps, takes patience and sometimes avg down and trust in your call. We will experience one soon in all commodity plays, mainly stemming from $ correction coming soon,
As financials go into the shitter again, the indexes will need to be propped up like they were earlier this year, for the large funds sake/performance...pensions/retirement funds.
The large I-Banks, are currently using this opp to load up on these shares, as the revert their models again, then they will utilize the commdity trading desk to spike oil/ags/metals on the back of a rising dollar into EOY, therefore basically stealing shares from these panic sellers, just as they did in early July with financials.
My fear as, like the financials, I am early, no matter how sold off these stocks appear, ....just as the spikes up were relentless and shocking, the downside pressure will be just as fierce
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