MacroVoices #325 Tian Yang: Is it over yet? What do the data say?
Macro Voices
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Is There a Panic in the Market?
This whole equity sell off has andremarkably orderly, considering the magnitude of where we are down almost 20 % from the top. You know, i don't really see many signs of panic. Where we're trading in fairly defined, steep, but still well defined, down sloping price channel. That suggests to me that the retail panic, that capitulation moment, hasn't happened yet at all. The real big concern is that because this is a atack led sell off, so i the market leader from the previous bull cycle that, you know, the pang hasn't fully wound its way through.
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