
RenMac Off-Script: Paying More For Less
RenMac
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The Over All Equity Markets - We've Had a Very Good Momentum Signal
In terms of the over all equity markets, i mean, we've obviously had a little bit of a retest here. We did have a very good momentum signal that was confirmed back in the middle of august and then within called a week, week and a half, we had a 20 day low. And 20 day lows, historically, are a pretty good mechanism to look at as a afety valve,. To day in this environment, i'd like to see discretionary do better than its doing.
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