Its Over, page-347

I think so too but at the same time, the amountof passive money riding the hot stocks in US have been unprecedented. If thereis panic outflow, anything can happen. Who would have thought a fairly newsbenign day yesterday could turn out into a rout- it can happen anytime becausethe underlying risks have been there all along. Could be a precursor.

I have less confidence in Mr Powell as Fed chief- if POTUS can do it he'll probably fire him for pushing rates higher, thenironically the market could resume its rally. Also Nov 6 mid term electionsjust round the corner and traditionally opposition party wins and ironically asTrump loses, the market loses again. IMO Nov 6 could actually be a seriousmarket jitter event