Morning Comment: How long will a short-term bounce last?

The stock market stands at a precarious position and thus any further downside movement...either now, or after a short-term bounce...will be very negative for the stock market on a technical basis.

The Nasdaq fell to its lowest levels of the year yesterday and I think it's only a matter of time before the S&P does the same......Too many pundits are not putting enough weight on the issue of leverage. They don't understand how much it helped the stock market on the way up, nor to they realize how much it will hurt the market on the way down.

For more details on this subject...and to get my daily piece and "The Weekly Top 10," please click here to subscribe to "The Maley report.

Thank you very much!

Posted to The Maley Report on Apr 27, 2022 — 9:04 AM
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