Why Thursday's Sell-Off Matters | Seeking Alpha
Eric Parnell has written an outstanding article about the 2% stock market decline on July 31. Usually in stock pullbacks, non-correlated stocks like TLT, long term bonds, will go up while stocks go down. This time was vastly different. As Eric mentioned in his article, some big time investors were liquidating everything instead of running to bonds. This may be a sign that a new bear market is arriving, and cash will be the safest asset.
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