Its Over, page-12004

Big Up one day Big Down another, market participants can be too easily blindsided , huge volatility including intraday volatility only good for savvy day traders (but even though very likely 80pc of traders will lose to the 20pc and the 20pc who got lucky could lose it the next day) not investors. Dow was down almost 600points at the close off 1.76pc while S&P500 on the edge of its 4300 point of control, but the main detractor has been the financials with most banks off by 3-4pc , which I had been cautioning about earlier not just due to SWIFT risks but remain a sector that has been relatively unscathed. So US markets finally closed in correction territory, how crazy is that , when so many stocks have already experienced bear territory. WTI crude closed above $100 first time in 7 years and more to come as oil sanctions are next to come as Russia steps up its bombardment of Ukraine. US 10 year yield drops below 1.8pc signalling that deflation could be the next focus of worry more than inflation, I give it by Aug-Sep before we will see the inverted yield curve and the recession narrative.