....I think a slow train wreck can be worse than a mini-crash. What we had last night in Wall St wasn't even a crash, but the start of a possible train wreck.
...with a mini-crash, people dump, sell no questions asked. With train wreck (2-3% daily downdrafts that eat you slowly; but >4% losses on small caps) people wait for another day....and another day....before long, it becomes too painful to quit and then they become trapped....consigned to sheer resignation.
....even with rebound/recovery, indices may go up but with flight to Quality, speculative stocks that have been the mainstay of mostly HC investors may not get the same love (anymore). Gamblers retreat.
A lot of people calling for Black Monday.
I think we will hear some swap line announcement to calm things down Sunday when it comes to Japan.
The path is the hardest part here. Either way, Mothra is flapping its wings so the risk of a crash is real.
