Thanks for your update Bernard. I almost bailed today on some Puts but left them in place. I don't have any clear signals but my view is distribution is taking place at these levels and any rise will be sold into.
I don't believe we get any serious downside until we get through end of month buying where we almost always get some bullishness.
I don't have any bigger recession forecasts ahead but I think we do have a bigger then expected decline near term. It will surprise some folks. Those lows will be a buy into year end as they almost always are.
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