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Origin 8 stash bars11/1/2023 ![]() ![]() ■ We’re having a terrific Q4 Earnings Season with 79% of the S&P 500’s constituents beating estimates (“shushhh … only 59% have improved”) (Or in chiding a trading colleague this past week, “The instant you go Long the S&P, ’twill be over.”)īut indeed, why crash, whatsoever? So sophomorically silly is such notion. That’s it.Įven more exasperating given the bazillion reasons for the S&P 500 to imminently crash, the fact that it hasn’t means it shan’t … you veteran traders know exactly what we mean by that. Across the dozen years of The Gold Update, only twice have we so done: once as a suggestive query during November 2013 and once during the “Gentlemen’s Crash” of late summer 2015. And as dumb-downed amongst financial writers as has become the word “crash”, we are measuredly cautious to ever to use it in a missive’s title. Yet now our notion is “Here We Go Again”.
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