This was a bull market, but an artificial/manufactured one based on chasing central banks actions, thus a return to highs after a sell-off will be a tall order. Remember, last week big banks were told to make survival plans as they're on their own. To make matters worse, the selection of the biggest budget hawk in Washington, Paul Ryan, as VP sends a signal that days of free n easy money are coming to a close...and the polls show Obama's approval disintegrating. Once a change in trend is confirmed, I believe the bull market is over and done with.
This was a bull market, but an artificial/manufactured one based on chasing central banks actions, thus a return to highs after a sell-off will be a tall order. Remember, last week big banks were told to make survival plans as they're on their own. To make matters worse, the selection of the biggest budget hawk in Washington, Paul Ryan, as VP sends a signal that days of free n easy money are coming to a close...and the polls show Obama's approval disintegrating. Once a change in trend is confirmed, I believe the bull market is over and done with.
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