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Insiders Club - 9.1.2015 Bookmark

9.1.2015

Good morning all, strap in for what looks like a pretty rocky session coming our way.

You all know my stance on things. Last week after falling 1100 points they engineered a massive snap back rally. I  said that it was probably already "over done" and that it would likely run out of gas this week. In fact in Sunday's newsletter I suggested the run had "one more day in it if that".

8.12.2015 China devalues again! Bookmark

Monday night we learned that the Chinese had devalued their currency by 2%, which is a MONSTER slash. On Tuesday, global markets responded by puking all over the place. Everyone hoped that things would settle down, but no...last night the Chinese slashed their currency again, plunging it another 2% before stepping in right at the close to "prop it back up" some.  That's got the global markets rattled once again.

But we've been down a lot lately and some form of "snap back" rally is probably in the cards. Even if I'm right and the market has "topped" back in May, there's going to pops and drops, and we're due for a pop. So keep an eye out for a mindless romp higher. It could come from a Fed head hinting that rate hikes will be delayed, or even worse...a new stimulus plan might be in the works. Either will send the market higher,.

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