We ultimately expect the overall market to be down...and end up with a correction that totals 10 to 15 percent from the peak.
More Quotes from Charles Blood:
I've attached little or no significance to blue and red stocks. There is this sort of popular sense that Republicans are good for business and Democrats are bad, but I think that's a colossal mistake, because it makes you think about the wrong sort of stuff.Charles Blood
It seems the stock market is more tuned to the bond market now than it has been in the past several months. As soon as we got oriented towards the bond market, all this economic data increased in significance.
Charles Blood
Historically, markets are much more interested in things like how the economy is doing and what interest rate policy is than who is in power.
Charles Blood
These glitches happen, but they just make for interesting reading, that's all,
Charles Blood
I think this is another correction within an ongoing bull market, rather than something more substantial.
Charles Blood
It's pretty mushy out there, ... But it's not a bad showing after yesterday's (Monday's) drubbing.
Charles Blood
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