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Cudmore: “It’s Now A Matter Of When, Not If, Markets Break Down”
zerohedge.com / by Tyler Durden / Apr 6, 2017
After yesterday’s sudden last hour swoon, in which the DJIA tumbled over 200 points after the FOMC Minutes, the biggest intraday reversal in 14 months, suddenly the bears – especially those who until recently were on the fences – are getting more vocal, such as Mark Cudmore, Bloomberg’s former FX trader who this morning writes that “it’s now a matter of when, not if, markets break down into a proper bout of risk-aversion.” As for timing, he sayd that “we’re debating the hour rather than the week.”
His full note:
The Markets Have Made Their Negative Feelings Clear
It’s now a matter of when, not if, markets break down into a proper bout of risk-aversion. As for timing, we’re debating the hour rather than the week.
The post Cudmore: “It’s Now A Matter Of When, Not If, Markets Break Down” appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/04/06/cudmore-its-now-a-matter-of-when-not-if-markets-break-down/
