Ian Woodward's Investing BlogStock Market: Euphoria or Precipice
Although the deadline is August 2 for the Debt Ceiling resolution, I suggest the Market will be anticipating the outcome before then and probably by tomorrow. I should remind you that a month ago the market was sitting on top of the world, and here we are a month later on the verge of a precipice. The hour is late, and the House vote has not yet happened, so we are down to just one day:
I felt you would like to know what Euphoria and Precipice means in %B Terms so that you can judge where we sit:
I must remind you that the Market is currently in Correction as shown by the usual yardsticks we use for %B:
It’s finger biting time, and either you roll the dice and take a chance or you make up your mind to protect your portfolio. Volatility as usual will be key to watch and as you can already see the VIX is pointing towards a new spike. It’s Your Call.
Best Regards, Ian.
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