Ian Woodward's Investing BlogStock Market: Floodgates Partially Open…No Panic Yet
This is a follow up to the long note I wrote over the weekend that laid out the Strategy, Process, and Targets for a Game Plan should the floodgates really open up to the downside. The hour is late, so the following is self explanatory:
We have hit the dreaded 90’s on %B less than 0.5 for stocks in the S&P 1500. The Bounce from here is Essential or else:
It’s no surprise that things are looking glum. I added more to the next chart to cover the early days of Black Swan:
…And this is the only saving grace so far that PANIC has not set in with full force:
Good Luck. Best Regards, Ian.
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