Have we learnt anything from last crisis, or is it merely another same same situation setting up like 07/08? People’s psychology, and stupidity, remains the same. With leverage once again at high levels, the market could be up for some rock and roll if 1295 is taken out on the SPX.
Although we are long term bearish, we expect the market to hold these levels and expect the big drop later this autumn. For the big move down, everybody needs to be long, and wrong…..
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