Given the kicking this past week and the relatively low Colse on the Major Market Indexes for the first week of September, I expect there to be a couple more days of Forced Selling in combination with Panic Selling. Then we could see a surge back if not only a leveling off by end of week. What comes after that is anyone's guess. Seeing as every Big Financial Corporation and Venture Capital types have been re-assassing their strategy all Summer, I expct they too, often gather for Summer BBQ's and have been checking their thoughts (with long worked out plans/strategies) out with fellow Financial and Venture types. We are now seeing them but place their first card on the table. In a few weeks they may well move to place their second card on the table.
The US Fed/Treasury and its cohort have been doing the same and will play their cards in trun as well, and with support/coordinated assistance from their select gorup of Financial Institutions.
My option is to hold my cards(Shares) in firm hands and watch these Big Boys (??? if not resembling newly branded Tough Guys) do the Donnybrook) play out their Hand and enjoy the display while awaiting OUR TURN to loosen up on a single firmly held Trump Card - NOT.
Old Joe