the scale down of $10B from $85B to $75B only started 1-month nia
going forward, every month cut $10B ... will Dow return to 12-13k pts?
but there is still good $75B to burn every month leh ... not enough?
I stick to my premise, that any uptrend/bullcycles are predicated on earnings, stimulus, macro outlook and what not, and can be prolonged for 4-8 weeks, but every downtrend/bear market are DIFFERENT in catalyst, and are very intense and short-cycle in nature.
That means we will never know what really hit us when it comes.... until the mid-point of the selldown....
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