We are at a crossroads. The stock market has done (as usual) what most people did not expect. The S&P 500 gained back most of what it lost on the Covid crash, closing last Friday (5/8/20) only off a little more than 13% from its February 20, all-time-high (3393.52). This is after the index had…
Tag: banks
Selling Climax, Please!
Just when I thought we were about to see the final washout, the purge of all the excesses of the last five years, a real ‘selling climax’, they yanked the rug out from under me again last Thursday afternoon.Then, again, Wednesday and Thursday of last week may have been a feeble, but effective end to…