Article Image
IPFS News Link • Stock Market

Stocks Bid Into Month-End Despite Americans' Unprecedented Cash-Hoarding

• https://www.zerohedge.com, by Tyler Durden

But while some are rebalancing into stocks, the scramble for cash among average Americans has almost never been more panicky...

Just as notably, crude oil prices crashed to multi-decade lows today, completely decoupling from stocks (correlation crashed)...

The question is - how long will the bounce last? If it's month-end, then 2008 is still in play...

Maybe it's better not to play...

And most of all, some context shows that today's ramp merely unwinds the carnage from the last 30 minutes of Friday... (note this was a 1300 points rally off overnight lows)


http://www.thelibertyadvisor.com/declare