If the pattern plays out, you'll get the first decent downside correction we've seen in a year.
The market never goes down three years in a row? You might as well get a lucky penny and flip it. The market can do anything it wants to.
The rubber band was stretched tight and this thing was set up like a slingshot. It doesn't surprise me it snapped back. It surprises me it went down in a straight line for so long.
Be patient - there's the rarest thing on Wall Street.
I don't think there's any doubt that we're going in. And I don't think there's any doubt over the eventual resolution to the war. But there's no way to handicap a war. All these talking heads that are saying it's going to be a short tactical thing, how do they know? Back in 1991 they said it was going to be a long drawn-out thing.
This group is as cheap as they've been in years, but there's a reason for that. Pricing is decelerating, unit volume trends aren't particularly exciting and the pipeline isn't robust.
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