The song remains the same. Not an ode to Jimmy Page, but specifically market related. The divergence remains between the betas and bigs. In my last post, I attempted to clarify what some had construed as bleak outlook. I mentioned what needs to happen, for bleak to brighten. Yesterday’s action is an example of that NOT occurring. The DOW woes worsen and in today’s post I shed some more details on the important Financials.
Follow me on Twitter @AlAbaroa