We saw it in 2007 before the great recession but it was relatively small in size. Now, considering the CB interventions, understandably it got bigger, and its product will probably be big too if it works.
But the strange thing is, if the current pattern mimics the one from 2007 time-wise, we should see the final high right before the elections in early October or September. In other words we may have one more month of this sleazy choppiness before the fun begins but I doubt if the big money risks it that long
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