My suspicions about sentiment (posted on Sunday evening) proved to be
correct. Please note that I do not expect those reasons to continue
driving the markets lower. Now that we've had this temporary correction, as I'm unsure how sentiment
will change before the Fed rate decision on Thursday. The German court
ruling on the constitutionality of the ESM (and any conditions attached)
further complicates sentiment predictions. I do think there will be a
substantial run-up in the markets sometime prior to the Fed Rate
decision, so I favor buying any substantial dips.
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