S&P short term cycle swings

[SyndicateTwo]

He's trying to scare the congress into acting. Who knows. But whatever happens in the next week or two, it will be over will quickly. His opinion is based on the idea that many banks will go under making many to pull their money from stocks to pay margins or just raise cash.

But large mutual funds will fly into these stocks in droves becuase it will be one hell of a buying opportunity.

Watch today how the $SOX holds 300.