- Admin
- #1,411
MJ DeMarco
I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
The market (thus far, it is still ongoing) loved the press conference. I'm guessing it was the coordination with public/private interests. I was pretty impressed, but I am just one opinion. Money poured into the market, and the market represents millions of minds and trillions of dollars.
Also of note is volatility which to me, is the bigger indicator. The last market "rebound" had very little reversion which indicates the rebound wasn't trusted. This one had some power to it because the VIX backtracked 20%+. Still, at 50+, it doesn't portend the end of this, just maybe that the low has been locked in.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.