Fundamental research is beginning to reveal the adverse effects of credit creation, particularly since 2008, in the global economy. I'm constantly on the lookout for credit creators to short.
Here's a recent finding by the Cleveland Fed:
clevelandfed.or...peer-loans.aspx?hootPostID...
As for Lending Club, price may retrace back to $5 region before heading south as per RSI. Early bird entry is just below $4, but I expect the big selloff below $3.46 where price action has not traded before.
Here's a recent finding by the Cleveland Fed:
clevelandfed.or...peer-loans.aspx?hootPostID...
As for Lending Club, price may retrace back to $5 region before heading south as per RSI. Early bird entry is just below $4, but I expect the big selloff below $3.46 where price action has not traded before.
Comment:
Watch for breakout sell!
Trade active