Yeah, I know, it’s 2016. Just saw where fed funds futures are now discounting no rate increase until 2018 right before I started talking 🙂
Be sure to stay with the video until the capitulation talk, or fast forward to the 3:20 mark if you like… (When I say “it doesn’t happen every time” I’m referring to market bottoms that coincide with big capitulations. I.e., the market indeed bottoms every time, just not always with that super high volume selloff)…