Mid-week market update: You know things are bad when 1987 parallels come out of the woodwork.
The key difference is the Fed and the USD. In 1987, the Fed implemented a
series of inter-meeting rate hikes to support the USD. The USD needs no
support today.
During these times of market stress, it’s worthwhile keeping in mind the title of Walter Deemer’s book on technical analysis.
The full post can be found here.
