Out of the Blue and into the Black with Michael Kantrowitz of Piper Sandler
RiskReversal Pod
00:00
The Stock Market Is Holding on for Dear Life
At its lows today, Danny, it was down 8%. It made a new 52-week low. And if you look at this chart, it is the mother of all head and shoulders tops with 200 being the neckline. I just think again, he knew exactly what he was doing. He never wanted to buy it. He thought he'd get out of it. The people with all the debt, yeah, they're banks and I know they're committed to it. They don't want to lose billions of dollars on that debt. That's like a drop in the ocean."
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