I think we have had about the level of selling we needed.
It's lasted longer than I thought it would, but sometimes it takes a long time to cool a bullish ardour. I thought that people would have thrown in the towel after only a year or so. Really it's been nearly two years, and the drop has been about 30%.
Hard to say if the margin calls going forward will precipitate much more selling. But it certainly feels like we are in the midst of a washout.
It's lasted longer than I thought it would, but sometimes it takes a long time to cool a bullish ardour. I thought that people would have thrown in the towel after only a year or so. Really it's been nearly two years, and the drop has been about 30%.
Hard to say if the margin calls going forward will precipitate much more selling. But it certainly feels like we are in the midst of a washout.
No comments:
Post a Comment