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Analyst Who Called The February Correction Delivers His Thoughts On October Selloff

"We remain bearish."

"We remain bearish."
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2 comments on “Analyst Who Called The February Correction Delivers His Thoughts On October Selloff

  1. I have been amazed but the sustained and large declines in many names and to his point there is really no bounce. And there isn’t an obvious reason. Sure rates have ticked up but 3.12-3.20 is still extremely low. Revs may have slowed a touch but profits hold up vs expectations well. Guidance is not draconian. Many stocks suggest a significant change in fundamentals (that is not obvious) given many valuations not being too bad. When a utility trades at 20x vs the “market” at call it 17 something seems amiss. Sure margins are prob topping but the disconnect is interesting. It feels like an unknown unknown is coming or it is just technical (quant, HF, tax loss MF). I have been bearish and believe the econ is not sustainable but even I see things that seem mis priced on the undervalued side. The market does not act like it should imo but it wasn’t in Aug (in the amgs and large mkt caps) either. A shock from an unknown unknown would not surprise me, if not we have a good rally setting up which I wil use to sell into most likely.

  2. Pingback: Is The October Selloff Really 'The Big One'? | Market Watch 247

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