BCA: U.S. Stock Correction Has Further To Run

Discussion in 'Wall St. News' started by a529612, Mar 6, 2007.

  1. The bull market is not over, but the correction in U.S. stocks will persist until technical conditions become more washed out.

  2. Aaron


    Thanks, a!
  3. Two biggest threats to equities right now:

    Rising bond yields.

    Yen appreciation to level below 115 to the USD. Currently USD-JPY 116.5600

    The latter (around the 114 and under) would create a systemic shock and crash. The former, an orderly sell off of stocks.
  4. munebags


    I'm just a newbie but my buddy said "XBD didn't rally this market is hosed." I think he meant to say the B/D aren't with the crowd. Which I think means more downside? That seems to jibe with the BCA analysis as well.

    All I know is 5.5% PA now seems good. Maybe when I get a margin account I'll "Go Short!!!"