Markets21 Dec 2018 07:31
Capitualtion really is the best way to describe whatishappening
SPX down from highs of 2946 to lows of 2440 yday; Dow down from 27xxx to 23500-ish and that's abt 2600 pts since Monday after Trade Deal (or rather No-Trade-Deal_But-Let's-Lie) and that's just in 14 sessions
NQ has now lost ~1600pts from highs of Oct!!
Apple etc getting crushed; funny how the word FANGs seems to have been underused recently....;)
Basically, markets are in bearish mode, we're entering a recession by end of next year I wld say and we're not yet done. Will see lower lows by Jan IMHO....
Kiss Santa Rally goodbye once and for all. Be lucky to survive the markets by end of Dec if youre a bull....