Everyone’s first reaction to the Moody’s warning was “Look out below!” and the futures plunged. But you know what? They actually recovered a bit.
Tomorrow is going to be interesting.
My first thought earlier that with the market volatility lately, any plunge may be kind of interesting. Tempting. You know? I still think the market heads to the bottom of the trading range, though. But there is some distance between here and there, and the markets tend to fluctuate and all.
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I’m sitting on lots of cash, some low beta stuff, and some oil. We shall see…