Breadth Was Near Washout Levels On Thursday
What a sell-off, the financial media said that this was the worst week since the great financial crisis, the S&P 500 was down -11.4%, at lows of Friday is was down as much as -14%. Underneath the surface, breadth was as bad as it was back in December 2018 when the S&P 500 was down -20%. But before we jump into the data here are a few things we should know; "The psychology of the investing public changes---cycling from the most blissed-out euphoria abut equities to the most abject terror and then back again, always at the wrong times." Almost [...]
