Dead-Cat-Bounce Dies (Again) – Stocks Plunge As EURUSD Breaks Below Crucial 1.05 Level
by Tyler Durden
ZeroHedge.com
03/13/2015
Well that escalated quickly…EURUSD has broken the key 1.05 trendline level; and having rallied yesterday on the worst data since Lehman, today it appears some sense of resignation to the fact that The Fed is boxed in to a rate hike no matter what is setting in… and that the exuberant hockey-stick expectations of earnings growth is spiralling the toilet of near cycle lows oil prices. US equity prices have roundtripped most of yesterday’s dead-cat-bounce spike with Nasdaq leading the drop and The Dow and S&P are back in the red year-to-date.
The Rest…HERE
