The Liquidity drain has been as bad as in 2008 !! Pls compare 2008 to today and you will notice that the bear rally at this stage is normally propelled by lopsided breadth days (90% of all shares go up no selling a.k.a. buying panics!).
In 2008 we reached point (A) after a -210 tumble in the index, this time it is (A').
Will history rhyme? We don't know but we do expect lots of Vola.
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