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RE: No "ALL CLEAR" For Stocks, There Is Still A Deep Line In The Sand. By Gregory Mannarino

in #money7 years ago (edited)

Hi Greg, you are right. This was just a quick bounce. Note that we didn't make up for Mondays sell off today. While I believe there was a lot of manipulation to make it look like a good bounce, I am not convinced.

The underlying problems in the market are still in place. I am watching bonds selling again. Cryptos are selling off again. Asia is mixed and not bouncing very high either.

Gold and silver are starting to move up...a little.

There is huge leverage in the market. When the margin calls start coming in, we could see very ugly cascade. Deleveraging is often painful.

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