Capitulation Creates Opportunity
Posted by fatjabber on August 5, 2011 · Leave a Comment
We’ll be among the first to see yesterday’s market action as an outright capitulation and a near term buying opportunity (Lazslo Birinyi, Barton Biggs are included in the bull market camp). Once the dust settles and fears are allayed, the markets will recover much of their losses (S&P is down -5% ytd) and retrace to … Read more
Filed under Economic Recovery, Equities, Monetary Policy · Tagged with 'wealth effect', Barton Biggs, Ben Bernanke, Capitulation, Earnings, Fed's Third Mandate, Helmut Schmidt, Laszlo Birinyi, Lowry OnDemand, Mean Reversion, QE3, S&P 500
