Wall Street Digest
The drip selling grinds on. A swift flush is always better than death by a thousand cuts. After today’s nasty Thursday, brace yourself for the inevitable chatter about the 1987 playbook: a sharp drop on Thursday, a flat Friday, a market crash on Monday, a Turnaround Tuesday, a retest of the lows a month later—then liftoff. Could another Black Monday happen? Absolutely. Given the current administration's rhetoric, they may not mind seeing the market tumble 20% if it means securing rate cuts and possibly even some fresh quantitative easing. 1990 1998 1999 2002 2003 2008 2010 2011 Here is a [...]
