These are the things the US media is trying to avoid and why the runnup cannot go on for much longer.
Negative for sure. She already told us the banks were going to play accounting rules for Q1 and to "throw the shorts back out there" after Q1 dust settled.
Well, here we are.
I will note that for the first time in a long time FAZ is at its high of the day while the Dow is not at the low of its day. It means banks are selling off relative to the Dow = bearish non convergence.
We will know FAZ has bottomed for sure if it can close another 10% up from here and well into the $5 range. That would send the momo players running out of FAS and into FAZ.
If not today then soon.
Proper DD requires that you look at her previous comments and check out her positions for yourself. Here is a recent interview with FORBES.
Be sure to compare today's interview with comments from this interview, and how her views have changed over the past year. She's been pretty good in calling this market, so she is one of the people I listen to for information. Remember, only you can digest all the DD out there to protect your own investments.
she has been nothing but negative; in light of what we are seeing, if she changes tune, she will lose all credibility. Of all the pundits, she should be reaming the fins on what has transpired.
This will be a good test of her credibility and ability and what direction she is taking now that she is on her own (who owns her now in other words).