Oct 22/14 – The buying panic
Wasn’t it just a week ago that stocks were supposed to be headed for a 1987 style crash? Remember all the hyperbolic analysis about the removal QE and the dire implications for the stock market? Now, a full 120 S&P handles off the lows, these doomsdayers are strangely quiet.
Even though last week I was arguing that the selling was overdone, I did not thi…