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October 9, 2014

Is An Extreme Event Coming for Equities?

The quick drop below last week's low, followed by a massive bullish reversal, made a lot of sense with regard to our equity framework. Today's tumble did not. If stops had been run yesterday, the reversal should have stuck, leading to some healthy follow-through. Instead, the SPX is right back down near its corrective lows. One positive point for stocks is that ...

 

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