• Despite what many people on Wall Street are saying right now, the problems that the market has faced this month will not come to an end when the excess leverage from the “carry trade” is unwound. 
  • We now have an extremely important support level for one particular ETF to keep a VERY close eye on.  If  (repeat, IF) it is broken in any meaningful way, it will signal that we have a lot more downside potential for this decline in the stock market before it bottoms. 

 

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