by Chris Becker
I asked yesterday “Is it over? Can we come out from under our desks?” And it appeared that way to many, with a solid Asian session (sans Chinese markets) as correlated bounces appeared over all risk assets. But last night saw a sudden and sharp reversal in fortune – the shortest dead cat bounce I’ve seen in a long time as US stocks cratered.
Looks like too many people listening to “clowns” telling them to sell and not enough listening to market economists about what should happen next.