Bank Share Concerns
My market comments are based on my own highly specialized price momentum models. This work suggests that J.P. Morgan and Citigroup shares could go significantly lower from here. Major U.S. banks tanked a couple of months before the market peak that led to the 1987 share price debacle.
If I'm right about bank share price weakness ahead, we should be watching for a general market downturn once there is clear evidence that a bank selloff is underway.
Just a heads up. I hope I'm wrong about this.
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