Everest. And to last week end to last week. This is the worst week for the markets since 2012. Wasnt just u. S. Stocks. Markets slumping around the , extending the worst slump since 2009. Markets, emerging slowing growth in china, the devaluation of argentines. Peso, youame it name it. The themes we are trading off of our old themes. Chinas weakness, we have expected that, we knew that. Just an overreaction . This is not Extraordinary Movement in the market, we have seen movements like this before. Gary,s very common cohen. About what some markets are calling consolidation . Consolidation is a typical charting pattern. They talk about charting forms were you tend to see big movements, and then you need to get used to that level of price. You need price activity around that level, we had a 30 plus move in the industry. You need to get used to those 30 higher prices and the decide if the roles like those if the world likes those prices, if those prices are too high, if they are too cheap
What a painful end to last week. This is the worst week for the markets since 2012. It wasnt just u. S. Stocks. Equities slumping around the world, extending the worst slump since 2009. Blame emerging markets, slowing growth in china, the devaluation of argentines. Peso, you name it. Global markets have been swallowing this for weeks. On friday, enough with enough. Enough enough was enough. The themes we are trading off of our old themes. Chinas weakness, we have expected that, we knew that. Just an overreaction . This is not Extraordinary Movement in the market, we have seen movements like this before. This is gary cohen. Second and secondincommand goldman sachs. We have seen the tenure move about 25 basis points in this move. We have seen normal reaction through growth markets. These are growth markets. They are not developed markets. What about what some markets are calling consolidation . Consolidation is a typical charting pattern. They talk about charting forms. What you tend to