No brainer, the DOW 50 day moving avg was breached and lower bollinger band was breached in high volume one day sell -off. This is how it started in 2008. I would aggressively start accumulating ladder like approach in SHORT etf's.
This looks to me like it is going to be a correction with a recovery in short order. We aren't entering a major recession. So this is nothing more than taking the froth out of the markets so value hunters have a reason to buy back in again. I would say that in less than 2 to 3 months we will be going up again and at most we will be 10% down from the previous high.
I would love a 20% correction now that I am near 100% cash or short but I don't think it is in the cards. Not with the fed having the flood gates open.
Printing money doesn't flatten the economy. In fact it makes it more bar bell than it already was. It does nothing to fix our trade dilemma and the fact that most of our middle class jobs left the country. We need new trade policies to do that and you aren't going to get them with the current admin. because that would require action.
I told a young man out of college the other day to go get a government job. I then said that I would despise him for being part of a corrupt system that drains the life blood out of our economy but then he could ignore that and simply not care. That is what all the other government workers do. I said you can be like it was in the feudal days when you had the elite class as part of the king’s court. They didn’t care who suffered for their benefit either. No one does.
here's my prediction everyday the markets down or agnc is down a penny for the next year he and his socks will be telling us told ya so meanwhile its still gonna be a bull market and this stock will still paying the divy and when all the bs over fed tapering shakes out the price will be over 26 a share
Sentiment: Strong Buy